Universal Life Insurance

Universal Life Insurance

Universal Life Insurance in Brampton, Mississauga & Etobicoke

Universal life insurance is a form of permanent life insurance with some flexibility. Typically it offers flexible amounts of coverage, flexible coverage periods and flexible premiums. With a universal life policy, available in Etobicoke, GTA the death benefit can be increased over time based on a certain set percentage. The indexed amount can be based on Consumer Price Index (CPI) or can be a set percentage chosen by the policy holder. This policy contract offers a choice of yearly renewable term (YRT) costs or level cost of insurance (LCOI). The policy owner can choose a level amount equal to the face amount of the policy or the face amount plus the cash value that has accumulated under the policy.