Universal life insurance in Canada is a flexible form of permanent life insurance that provides a lifelong death benefit while incorporating a tax-advantaged investment component. Policyholders can choose how their cash value is invested across various funds—such as equity indices, fixed-income instruments, or high-interest savings accounts. It offers immense flexibility in premium payments and death benefit structures, making it popular among high-net-worth individuals, business owners, and estate planners looking for tax-sheltered wealth accumulation strategies.
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