Stewart Financial Services

Universal Life Insurance

 

Universal Life Insurance provides the protection of Life Insurance with the benefits of tax-deferred investing. Universal Life Insurance is one of the most flexible Life Insurance available today. You can customize your plan when you buy it, or easily make changes later on. Universal Life Insurance offers you the opportunity for tax-advantaged investing. This gives you the chance to increase your wealth by investing money within your policy.

 

The performance of your Universal Life Insurance policy depends to a large extent on your Investment mix and how it is affected by economic and business cycles.

 

Universal Life Insurance policies offer a unique combination of permanent insurance protection, flexible coverage options, indispensable guarantees and opportunities for tax-advantaged savings.

 

Many Canadians use a Permanent Life Insurance policy to accumulate Retirement Savings beyond what is allowed within registered plans. While contributions are allowed to grow tax-free as long as they remain in the policy, if the insured chooses to withdraw some or all of the cash value of the plan; it will be considered taxable income.

 

An alternative is the Insured Retirement Program that provides the option for you to use your Life Insurance policy as collateral security for a line of credit. The line of credit provides tax-free access to cash and the life insurance policy pays the balance of the line of credit when you pass away.

 

If you would like to learn more about how to take advantage of a Universal Life policy to build tax-sheltered wealth and have it produce an income in your Retirement, or other Investments with Guarantees opportunities, contact Stewart Financial Services.