08/01/2026
Many Canadians buy a life insurance policy believing they are building wealth for the future.
Years later, some discover a different reality.
I've recently noticed a growing trend where many advisors are heavily promoting Universal Life (UL) policies to almost everyone, regardless of whether they are the right fit. Regulators have also increased their focus on ensuring these products are sold appropriately and in the client's best interest.
I've spoken with people who have faithfully paid their premiums every month for years, only to feel disappointed when they review their policy. Some are even thinking about cancelling because the ongoing costs have become difficult to manage, and the value they expected doesn't seem to be there.
This doesn't mean Universal Life is a bad product.
It means it is **not the right product for everyone**.
Before buying any life insurance policy, make sure you understand:
• Why this product is being recommended.
• How the costs work over time.
• What happens if you reduce or stop payments.
• Whether a simpler solution would better meet your family's goals.
The best insurance policy isn't the most expensive one.
It's the one that matches your needs, budget, and long-term objectives.
If you already have a policy and want an independent second opinion, I'd be happy to help you understand it in plain English. No pressure. Just clarity.
📞 647-839-5690
🌐 www.insurancebyjag.ca
