Universal life insurance Etobicoke, Burlington, Ontario

[vc_row isfullwidth=”0″ css=”.vc_custom_1580872015612{background-image: url(http://themegavias.com/wp/enzio/wp-contenthttp://www.rairupinder.ca/wp-content/uploads/2018/07/bg-11.jpg?id=3011) !important;background-position: 0 0 !important;background-repeat: repeat !important;}”][vc_column width=”7/12″ css=”.vc_custom_1531209569714{padding-top: 20px !important;}”][vc_row_inner][vc_column_inner][gva_quotes_rotator items=”%5B%7B%22title%22%3A%22Universal%20Life%20Insurance%20plans%20for%20customers%20in%20Ontario%22%2C%22content%22%3A%22Secure%20the%20future%20for%20your%20loved%20ones%20with%20the%20right%20life%20insurance%20policy.%20Let%20the%20experts%20at%20Rai%20Rupinder%20guide%20you%20through%20all%20the%20options%20available%20for%20universal%20life%20insurance%20in%20Brampton.%20We%20can%20also%20help%20you%20with%20universal%20life%20insurance%20in%20Mississauga.%22%2C%22link%22%3A%22http%3A%2F%2Fwww.rairupinder.ca%2Fcontact-us%2F%22%7D%5D” max_width=”580px” min_height=”260px”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Flexible plans” icon=”gv-icon-1015″ description=”We don’t want you to spend on what you don’t need. You can discuss your requirements with Rupinder Rai and she can draw up a tailored insurance plan for you.” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Professional team” icon=”gv-icon-442″ description=”We have a team of experts who can resolve all your queries. Also, our turnaround time is very low for approval and insurance processing” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Lifetime coverage” icon=”gv-icon-433″ description=”Similar to Whole Life Insurance, Universal Life Insurance also offers full life coverage.” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][vc_column_inner width=”1/2″ offset=”vc_col-xs-6″][gva_icon_box title=”Estate planning” icon=”gv-icon-1011″ description=”With this feature in this policy, you can protect your assets and pass them to your beneficiaries.” icon_position=”top-left-title” icon_width=”fa-2x”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”5/12″ el_class=”contact-form-full” el_id=”contactform”][vc_empty_space height=”15px”][gva_block_heading title=”Send Us A Message Now” style=”style-2″ align=”align-left”]

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[/vc_column][/vc_row][vc_row][vc_column][vc_row_inner][vc_column_inner width=”1/2″][gva_block_heading title=”What is universal life insurance?” align=”align-left” html_tags=”h2″][vc_column_text]Universal life insurance is a type of cash value life insurance with a saving component and low premiums. Under the terms of this insurance, excess premium payments is credited to the cash value of the policy and accumulates till maturity. This type of insurance policy can also provide a flexible premium option. Feel free to contact us for more information on universal life insurance in Etobicoke and Burlington.[/vc_column_text][vc_btn title=”Book Appointment” style=”flat” color=”danger” link=”url:%23contactform|||”][/vc_column_inner][vc_column_inner width=”1/2″][vc_single_image image=”7249″ img_size=”full” alignment=”center” style=”vc_box_outline” border_color=”pink” onclick=”zoom” css_animation=”slideInRight”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row css=”.vc_custom_1580875493727{background-color: #ffffff !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1/2″][vc_single_image image=”7251″ img_size=”full” alignment=”center” style=”vc_box_outline” border_color=”pink” css_animation=”slideInLeft”][/vc_column_inner][vc_column_inner width=”1/2″][gva_block_heading title=”How does universal life insurance work?” align=”align-left” html_tags=”h2″][vc_column_text]This insurance policy has two components –a cost of insurance or COI amount and a saving component or cash value.

The COI is the minimum amount of premium payment required to keep the policy active. It can vary with the policy holder’s age, health and life expectancy.

The savings component consists of the collected excess that accumulates within the cash value portion of the policy. The cash value earns interest based on the current market rate. Policyholders can access a portion of this cash value without affecting the guaranteed death benefit. There are no tax implications for policyholders who borrow against the accumulated cash value of their policy.

However, it is important to note that the beneficiaries only receive the death benefit.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row css=”.vc_custom_1580875493727{background-color: #ffffff !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1/2″][gva_block_heading title=”Why choose universal life insurance?” align=”align-left” html_tags=”h2″][vc_column_text el_class=”bullet-point”]

1. Flexibility – These policies are designed to offer flexibility and can be adjusted to fit your personal needs. You can pay higher premiums more frequently, pay less premium, skip payments or even use the accumulated cash value to pay premiums.
2. Easily available funding – Unlike a bank loan where you have to qualify based on your credit, you don’t need to qualify to take a loan out on a life insurance policy.
3. Adjustable death benefit – You have the flexibility of lowering or increasing your death benefit at any time to suit your financial needs.
4. Adjustable coverage – This insurance gives the policyholder the ability to choose a higher a higher cash value depending on what makes sense for each stage of life. This way you can meet any need at different times of your life.
5. Lifelong coverage – This policy offers lifelong coverage at far lesser rates than whole life insurance policies. The cash value can also grow according to the performance of the insurer’s portfolio and can be used to pay premiums.

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