Sun Life Universal Life Insurance Plans combine the benefits of permanent life insurance with investment account options that can grow your savings, tax-deferred.
How does it work?
You choose a guaranteed death benefit amount that will be paid to your loved ones when you pass away.
The payments are deposited to a "policy fund".
Any money that are deposited over the cost of the premiums can be: put into an investment accounts to grow-deferred or used to increase the amount of your death benefit
This plan works best for:
Individuals who have reached the limit of the RRSP contributions.
Parents and grandparents who want to maximize their estate for their family.
Business owners who need a tax-efficient way to protect the value of their business.
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