Universal Life Insurance – Part 2
In Universal Life – Part 1, we examined the following areas of UL insurance:
- history and development
- features and benefits
- Cost of Insurance applications
- available coverage types
- death benefit options
- minimum and maximum premiums
- investment options and bonuses
In this course we will discuss:
- surrender charges and why they may apply
- the riders and benefits that can be added to UL policies
- the market for UL plans
- selecting and setting up the appropriate UL Plan
- the potential obstacles to the sale of UL plans
- UL alternatives
- the rules and regulations that apply to UL policies
- the tax rules that apply to UL plans, including registration of UL plans as RRSPs
Note: Throughout this seminar we will again use the initials ‘UL’ for Universal Life.
