Universal life insurance

Universal life insurance from ivari provides affordable protection you can customize with investment options, riders, death benefit options and flexible coverage.

Universal life insurance from ivari provides affordable protection you can customise with investment options, riders, death benefit options and flexible coverage.

Is universal life insurance right for you?

Universal life is designed for people who want insurance protection combined with an investment and savings component.

Today

While you are alive

The savings component allows tax-deferred investment growth, which can supplement retirement income or help with disability-related costs.

Tomorrow

After you are gone

Your beneficiaries receive a tax-free death benefit to secure their future, or to cover taxes and final expenses.

What can you do with your universal life plan?

With built-in savings, a universal life policy provides tax efficiencies while you keep full flexibility over how the policy is funded and how the death benefit is structured.

A universal life policy lets you

Additional no-cost benefits from ivari

Living Benefits

Disabled policyholders can access fund value tax-free and surrender charge-free, covering disease, injury and 26 critical conditions including long-term care needs. Early policy years may have insufficient accumulated funds.

Compassionate Assistance Program

At no extra cost, terminally ill policyholders with a life expectancy of less than 24 months can borrow against their death benefit.

Riders

Riders let you customise your policy with extra coverage. Not available on all policies, and other conditions may apply. Your advisor can talk you through the detail.

Critical illness protection, in 4-condition or 25-condition coverage
Level cost of insurance
Payor waiver of monthly deductions
Children’s insurance
Term riders of 10, 20 or 30 years
Waiver of planned premiums, and payor waiver of planned premiums
Accidental Death and Dismemberment
Waiver of monthly deduction

Virtual Care Services by Maple

Eligible policyholders reach Maple’s integrated care program: Canadian-licensed doctors and nurse practitioners on demand 24/7/365, plus counselling, cognitive behavioural therapy and wellness coaching.

Insurance claims

When it is time to make a claim we will make the process as quick and easy as possible. Call 1-800-846-5970 to begin.

Let’s talk about universal life insurance

Universal life insurance from ivari provides affordable protection that can be customized with a wide range of features and options including investment options, riders, death benefit options and flexible coverage.

After you’re gone

Upon your death, your beneficiary will receive a tax-free death benefit. This money can be used to help secure the future of your loved ones or to help pay any taxes or final expenses.

What can you do with your universal life insurance plan?

With a built-in savings component, a UL policy gives you tax efficiencies while also letting you:

Build assets for your children

Pass along your assets while minimizing estate taxes.

Help protect your mortgage

Cover the single largest debt most families carry.

Add to your retirement income

Use the savings component to supplement your income later in life.

Protect your retirement savings

Cover an occupational disability, or one caused by 26 critical illnesses, including the need for long-term care.

Optional riders and benefits

Compassionate Assistance Program (CAP)

Offered at no extra cost, the CAP from ivari lets you take out a loan against your death benefit if you are diagnosed with a terminal illness, or terminal injury, and your life expectancy is less than 24 months.

AD&D (Accidental Death and Dismemberment)

This rider provides an additional benefit in the case of dismemberment or death resulting from an accident.

How much insurance do you really need?

Your insurance needs change throughout your life. My Insurance View helps you work out how much cover you need, and when.