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Universal Life

Universal life insurance is permanent life insurance that provides a lump-sum tax-free benefit to beneficiaries on the death of the life insured.

Universal life insurance is best suited for individuals seeking permanent life insurance protection and the opportunity for accumulating tax-advantaged policy cash values to help beneficiaries to cover costs associated with final expenses, taxes on registered assets and capital gains.


  • Tax-deferred growth – The cash value of permanent universal life insurance grows tax deferred.
  • Premium choice – Guaranteed level premium, limited term, or increasing premiums each year.
  • Choice of investment option – You choose the investment mix that suits your needs based on guaranteed interest options, managed money and equity-linked investments.
  • Cost – The premiums for universal life are higher than for term insurance. It is possible to lock a guaranteed level premium into the plan.
  • Flexibility on death benefit.

We can help

At Edward Jones, we can help you reach your financial goals. Contact your Edward Jones financial advisor.

Important information:

Insurance and annuities are offered by Edward Jones Insurance Agency (except in Québec). In Québec, insurance and annuities are offered by Edward Jones Insurance Agency (Québec) Inc.

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    How Much Life Insurance Do I Need? What Type Should I Buy?

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