It is wise to save money for the future and invest in a tax shelter to protect your finances. This is especially true when you have maximized your contributions to your TFSA, RESP, or RRSP. Fortunately, there is still universal life insurance. If your finances allow it, universal life insurance can give you many benefits. Combining life insurance protection and an investment component through a capitalization fund, this product offers flexibility to individuals who wish to manage their investments. It is a product that not many people know much about and can often be misunderstood. Judged wrongly as an insurance product which must be avoided, it is actually an excellent option for the right people. Do you fit this profile? Let’s take a look at the facts about universal life insurance.