{"id":15308,"date":"2025-12-15T09:00:10","date_gmt":"2025-12-15T14:00:10","guid":{"rendered":"https:\/\/www.rbcinsurance.com\/en-ca\/?page_id=15308"},"modified":"2026-03-11T16:29:58","modified_gmt":"2026-03-11T20:29:58","slug":"universal-life-insurance","status":"publish","type":"page","link":"https:\/\/www.rbcinsurance.com\/en-ca\/life-insurance\/universal-life-insurance\/","title":{"rendered":"Universal Life Insurance"},"content":{"rendered":"\n
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Universal life <\/mark>insurance<\/mark><\/h1>\n\n\n\n

Universal life insurance combines lifetime insurance coverage with the long-term growth potential of tax-advantaged investing.<\/p>\n\n\n\n

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Call 1-866-262-7918<\/a><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Protect your family, invest for your future with universal life insurance<\/h2>\n\n\n\n

 
 
Universal life insurance gives you several ways to grow your wealth\u2014including investment and tax-deferral options\u2014and protect your estate with a flexible, permanent coverage option.<\/p>\n<\/div>\n<\/section>\n\n\n\n

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You should consider universal life insurance if you:<\/h3>\n\n\n\n
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Want permanent life insurance coverage<\/p>\n\n\n\n

Are financially secure and want to grow your wealth<\/p>\n\n\n\n

Contribute the maximum to your RSP<\/p>\n\n\n\n

Are nearing retirement and want to preserve your estate<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n

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0 \u2013 85<\/h3>\n\n\n\n

Eligible ages*<\/h5>\n<\/div>\n<\/div>\n\n\n\n
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Flexible<\/h3>\n\n\n\n

Coverage available<\/h5>\n<\/div>\n<\/div>\n\n\n\n
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Living benefits<\/h3>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Range of interest options<\/h3>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Benefits of universal life insurance<\/h2>\n\n\n\n

A flexible solution that offers the security of lifetime coverage and tax-effective investing to help you protect your assets and your loved ones for the long-term.<\/span><\/p>\n<\/div>\n\n\n\n

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Range of investments<\/h4>\n<\/div>\n\n\n\n

Create the portfolio that is right for you with a range of investments called interest options and your choice of two plans\u2014one with bonus interest, one without.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Tax-advantaged investing<\/h4>\n<\/div>\n\n\n\n

A portion of your premium purchases your insurance, while the rest earns interest that is not taxable while it remains in your policy.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Access to funds<\/h4>\n<\/div>\n\n\n\n

Throughout your lifetime, you can access the funds in your policy to supplement your income in retirement or during a time of illness.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Lifetime coverage<\/h4>\n<\/div>\n\n\n\n

The unique features of universal life insurance make it an ideal way to protect your assets and pass them on to your beneficiaries.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Living benefits<\/h4>\n<\/div>\n\n\n\n

A compassionate advance and a disability benefit can provide valuable protection while you are alive.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Estate planning<\/h4>\n<\/div>\n\n\n\n

The unique features of universal life insurance make it an ideal way to protect your assets and pass them on to your beneficiaries.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Single or joint coverage<\/h4>\n<\/div>\n\n\n\n

Choose coverage for yourself only, for yourself and your spouse, and\/or for other family members.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Flexibility<\/h4>\n<\/div>\n\n\n\n

Choose how much to pay into your policy and how you want to pay your premiums.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Tax-free benefit<\/h4>\n<\/div>\n\n\n\n

Your beneficiary or estate receives the death benefit tax-free.\u00b9<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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What’s covered under universal life insurance?<\/h3>\n\n\n\n

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