Universal Life Insurance for Estate Planning

Posted on July 7, 2010 and updated September 9, 2010 in Insurance Types, Life Insurance Canada News, Permanent Insurance 1 min read

Universal Life insurance can be an ideal solution for estate planning purposes.

Universal Life policies offer the following six benefits to your estate: 

1. An immediate tax-free estate from day one in the form of a life insurance benefit.

2. Funds may be protected from creditors under certain circumstances and bypass probate fees and delays.

3. A wide range of investment choices.

4. Tax-deferred growth on investment earnings.

5. Tax-free payments on all life insurance proceeds, including on all life insurance proceeds at death.

6. Death benefit to beneficiaries requires no settling costs or legal fees.

For additional details, you can contact us at 1-866-899-4849, or visit our Universal Life Quote page.