Universal Life Insurance

Life insurance that enables your clients to grow tax-sheltered savings

Its simplicity means universal life is perfectly tailored to the family market while being accessible to a variety of clients.

Universal life insurance product features

  • Level T100 and yearly renewable term (YRT) cost of insurance options
  • Increasing or level death benefit options
  • No surrender charges for Level T100 cost of insurance
  • 1% guaranteed bonus on the value of accumulated funds
  • Guaranteed interest investment options of 1, 3, 5 and 10 years
  • Investment options that include 9 index accounts and 10 managed accounts linked to renowned funds currently offered on our segregated funds' platform
  • Life insurance option for children, with insurability guarantee and critical illness insurance included
  • Possibility of insuring family members under the same policy at no additional cost

Advantages of universal life insurance

  • Easy to understand, it offers the right set of options  rather than too many choices for your clients
  • Possibility of including accumulated savings with the amount payable to beneficiaries in the event of death
  • Choice of premium payment amount, facilitating  savings  opportunities
  • Flexibility of coverage enables changes during the course of the policy depending on your clients' needs: changes in amount insured, changes in premium amount, addition of insureds, withdrawal of accumulated funds and transfers between investment accounts

Complementary insurance

Your clients may add other insurance products to their universal life insurance policy

  • Term life insurance
  • Critical illness insurance
  • Critical illness rider ($20,000, 3 illnesses)
  • Life insurance for children
  • Accidental death and dismemberment insurance
  • Fracture insurance
  • Waiver of premium in the event of disability

Learn More

Contact us

Quebec 1-888-292-8483 sales.insinv.qc@ssq.ca
Ontario, Western and Atlantic Canada 1-888-429-2543 sales.insinv@ssq.ca