What is Universal Life Insurance? (Canada)

❗Online Life Insurance Recommendation and Instant Quote❗

What Is Universal Life Insurance? Universal Life Insurance explained in Canada. While UL policies can be a great way to have a flexible and cheaper option than whole life, careful consideration needs to be taken to ensure that your policy doesn't collapse and cause significant losses over your lifetime.

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🟦About Affinity Life🟦
Affinity Life is an online life insurance platform dedicated to busy Canadians. We believe you shouldn’t have to run through a sales gauntlet to obtain life insurance to protect your family. We’re setting out to finally revolutionize and innovate in an industry that hasn’t significantly changed in the last 100 years. We hope you can join us on our journey. Founded in 2020 and headquartered in Calgary, AB, Affinity Life is 100% founder-owned.

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[AmritpalSingh-eowh]

I was looking to buy term life insurance but my advisor was selling me universal life insurance, i didn't knew anything about. it but now everything is crystal clear. Thank you so much for making this video

[katmew]

You earned a subscriber today buddy. Good job!

[Angela-rfcn]

You are a "treasure boy". A hidden gem, that will one day glow!

[ninacreyee]

Good to know. Is insurance company will manage the insurance?

[michaels]

Great explanation! Thank you. What are the key decision criteria to determine when to switch from YRT to Level? Is there a good rule of thumb based on the age of the beneficiary or should it be based on the amount accumulated in the fund?

[ganeshr]

How is SSQ/Beneva for life insurance ?

[Nevin]

So if I wanted to buy a universal life insurance policy in order to maximize investment growth (and provide a required death benefit for 20 years), I could front-lord the policy with a lot of cash for a couple of years, and then switch the policy to be level payment?

[ninacreyee]

If I buy Ivari UL insurance. Ivari will manage it?

[rodelolesco]

A well designed UL can be an incredible wealth creator.

[Angela-rfcn]

One unimportant suggestion: try not to wear black, it mingles with the black background :)

[tomtom]

Spoke sbout one side of the story . Thumbs down