Universal Life Insurance
Universal life insurance provides permanent life insurance protection with a tax-advantaged investment component. As cash values accumulate, they can be used to pay part or all of the cost of your insurance.
In addition to providing security and protection through its life insurance component, universal life insurance can provide an additional source of income for emergencies, retirement or for estate planning needs.
You select an investment mix that’s best for you—taking into account the amount of risk you’re comfortable with, and your financial goals and circumstances.
With Canada Life’s universal life insurance you can customize solutions that change over time to fit your evolving lifestyle, budget and savings objectives.
Tax-Advantaged Growth
The total account value in your policy can grow on a tax-advantaged basis within limits. The insurance proceeds paid to your beneficiary upon your death are tax-free and may include the total account value you’ve been accumulating over the years.
Find out more about how Millennium™ universal life insurance can become an important part of your financial plan.
Find out more about the interest options available with Millennium universal life insurance.
Find the current rates and values for variable interest options.
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