Assumption Life’s Universal Life with a Twist

Posted on April 9, 2008 and updated June 16, 2010 in Life Insurance Canada News 1 min read
Assumption Life

Assumption Life’s Universal Life program (referred to as Odyssey) is available to applicants aged 15 to 80—the older issue limit is nice a feature. The plan does share many of the advantages available on other universal life policies, such as flexible premiums, multiple cost of insurance, and death benefit options.

The plan holds a very limited share of Canada’s universal life market share, but it is highly competitive in the 30 to 40 age range. They are also one of the only Canadian companies to offer a guaranteed cash value in their Universal Life plan.  Many of their investment accounts have performed well, but their selection is limited when compared with AIG and Manulife’s Universal Life programs.

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