Do you want flexible life insurance coverage that protects your loved ones while building your wealth? If you want to make sure your family’s way of life and financial future are covered, it’s important to be prepared for the unexpected. Universal Life insurance provides lifelong protection that can grow and adapt with you.
What is Universal Life insurance?
Typically, life insurance is available as two options: term or whole life. A Universal Life policy with The Co-operators is a different way of looking at life insurance because it also provides you with ways to grow and manage your financial portfolio, now and into retirement. As one of the most flexible insurance plans available, it combines the financial security your family needs with tax-deferred savings.
How is Universal Life different?
You get permanent coverage
Universal Life coverage is for every stage of your life. It also comes with options for additional life and health insurance coverage and a range of investment options that meet your specific financial goals.
You get a flexible plan
You can decide how much life insurance you need right now and structure the plan to meet your financial goals; if your needs change, simply adjust the death benefit or premium payment to align your plan with your new circumstances. The policy is easy to manage and is always there to protect your family while generating tax-deferred savings to add to your retirement income.
You get helpful payment options
You can choose from a variety of payment options, take an occasional break from paying premiums when necessary, and tailor your coverage amount as your needs change and more.
You get opportunities to build your wealth
With Universal Life, you can tailor your plan in a way that builds your wealth. As part of your policy, a portion of your premium buys insurance protection, with the rest going to an investment that grows over time. You can also adjust your level of insurance protection and wealth accumulation, as your circumstances and financial goals change. The funds grow tax free within your policy, allowing you to maximize opportunities for investment growth and/or to enjoy your retirement the way you planned.
More than just life insurance, our Universal Life plans combine the protection and security that your family needs with the opportunity to manage your financial portfolio today and into tomorrow.
Find a Financial Advisor and learn more about why Universal Life may be right for you.