Universal Life Insurance in Ontario

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An all-in-one way to get the protection you need and build up your savings, universal life insurance is a permanent plan that gives you lifelong peace of mind and a wide-range of investment options for savings growth. At Insurance Hero, we specialize in versatile and best-rate plans, tailored to your needs

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Why shop for insurance with Insurance Hero?

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Bundle up and save! Let us conduct a portfolio review to maximize your savings without minimizing coverage.

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Is your insurance keeping up with your life? At InsuranceHero.ca we make sure you are properly covered and getting the best value year after year!

The Benefits of a Universal Insurance Policy

Flexible and easy-to-use, universal coverage provides tax-advantage investments and the security of lifetime insurance, which protect you and your loved ones for the long-term. Plan benefits include:
Accessible Funds

You have the choice to overfund your policy, which means putting more into the policy than the cost of insurance. Throughout your policy lifetime you can access your funds for happenings such as illness, retirement income, education and other financial needs of your choosing.

Tax-Advantage Investments
A portion of your premiums will cover your insurance cost, while the rest earns interest, dividends, or capital gains that are not taxable while it remains in your policy. You have total control in the type of investment, from guaranteed interest options to aggressive equity portfolios.

Estate Planning
Universal insurance protects your assets in a way that makes it simple for you to pass them on to your beneficiaries. Most traditional assets are taxed at death, universal life insurance pays both the insurance benefit and investment funds tax-free to your loved ones, and avoids probate.

Lifetime Coverage
Permanent coverage for life that doesn’t come to an end after a certain term so you don’t have to worry about renewal or paperwork.

The Right-fit Choice for You

When selecting the right plan, you want to be sure you get the best solution for your financial goals and long-term planning. Universal coverage is generally of interest and best-suited for people who are:

Wanting new and secure ways of creating more savings that complement there RRSPs and TFSAs

Would like to enhance their estate for their children and or grandchildren

Running their own business and require tax-efficient ways to protect the value of their company

Have more questions about the type of coverage you can select from? Contact a hero today for a complimentary universal insurance quote.

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Looking For More Life Insurance?

Term Life Insurance

A simple and effective temporary solution for protecting things like your mortgage, business loan or your family’s health. Find your term life insurance policy at flexible and competitive rates.

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Whole Life Insurance

We understand the importance of setting up a permanent guarantee that will help your loved ones cover final expenses and plan their estate. If you’re interested in lifetime coverage, cash values and level premiums, whole life insurance can provide the ideal protection.

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Critical Illness Insurance

Would you like to protect your life and ensure financial security in case of challenging sickness? Insurance Hero offers competitively-priced and impactful critical care insurance that can be tailored to your needs.

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