Canada’s Best Universal Life Policies

What company has the best
Universal life offering in Canada?
photo by Frank Steele
"You wanted the best, you got the best!" is not just a line that works for rock 'n' roll, but Universal Life insurance as well. The following is a list of Canada's top Universal Life policies for a 40-year-old male non-smoker, and a 40-year-old female non-smoker at coverage amounts of $250,000.00, with a level cost of insurance option.
Universal life policies are available with either an increasing cost of insurance option, or a level cost option. The level cost option guarantees the cost of insurance will remained fixed for life.
Key advantages for each company:
Assumption Life
1. Built in guaranteed cash value. They are one of the only carriers in Canada to offer this feature.
2. Great rates at age 40 and under for both males and females.1. over 400 different investment options.
2. Face amounts as low as $2,500,000.Manulife
1. No surrender-charge option.
2. Guaranteed limited pay cost of insurance option.Empire Life
1. Face amounts as low as $10,000.00
2. No surrender charge option.Canada Life
1. Highly competitive rates at all age groups.
2. Guaranteed limited pay cost of insurance option.
$250,000.00 of Universal Life level-cost coverage. Below are the minimum premiums for 40-year-old male, non-smoker
Assumption life: $120.00 a month.
BMO: $121.39 a month.
Manulife: $122.83 a month.
Empire Life: $125.00 a month.
Canada Life: $126.06 a month.

$250,000.00 of Universal Life level-cost coverage. Below are the minimum premiums for 40-year-old female, non-smoker
BMO: $95.60 a month.
Assumption Life: $96.88 a month.
Manulife: $97.03 a month.
Canada Life: $98.21 a month.
Empire Life: $98.64 a month.
If you have any questions, please contact us at 1-866-899-4849, or visit our Universal Life Quote Page.