Universal Life Insurance

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The Flexible Permanent Life Protection for You

If you are looking for a lifelong coverage that provides an opportunity to build a tax-advantaged investment and also bring in a lot of flexibility, universal life insurance may be the appropriate coverage for you. Unlike term life insurance, this coverage will last for a long-term provided you continue paying your premium. London Life’s universal life insurance coverage is different from the participating life insurance plan. It is a more flexible option that allows you to make changes to your premium payments, albeit within legislative limits. This will make it easy for you to match your financial situation and changing needs. You don’t just get lifelong protection in the London Life’s universal life insurance coverage, you also get an opportunity to build tax-advantaged cash value.

Features and Benefits

The universal life insurance plan is a good investment option. By combining your traditional life insurance with the tax-advantaged investment component of this plan, you can build wealth with time. Your investment can help you reach your dream financial goals if it performs well. You can use it to start a business, cater for your children’s education and for other purposes.

  • The universal life insurance plan is a flexible coverage designed to meet your unique needs.
  • As long as you continue paying your premium, the universal life insurance coverage will not end.
  • The plan allows you to make changes to your premium payments, albeit within legislative limits. This makes it possible for you to match your changing financial situations and needs.
  • You can combine your opportunity to build tax-advantaged cash value and the lifelong protection accorded by the universal life insurance. This will help you to support your financial goals.
  • The plan has a tax-advantaged investment component. This implies that you can build wealth over time with it.
  • The performance of your interests and the size of your premium payments will determine the growth of your investment. You can borrow against the money in the fund or use it to pay future premiums. You can also withdraw it (subject to tax) or leave it as a legacy for your beneficiaries.
  • You can pay premiums through ad-hoc payments or via a set of schedules, albeit within certain limits.


Similar London Life Insurance Products

  • Life


Additional resources

Learn more about life insurance from these informative articles to help you decide in choosing the best plan for you.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

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