Not under those names. Indexed universal life (IUL) and variable universal life (VUL) are US products. In Canada, universal life insurance offers similar choices: index-linked options that follow a fund or market index and can rise or fall, alongside guaranteed interest options. See How does the investment component of universal life insurance work?
Are indexed universal life insurance (IUL) or variable universal life insurance (VUL) policies available in Canada?
Reviewed by Garrett Agencies Ltd., October 2026. How we write
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More about universal life insurance
Permanent life insurance with flexible premiums and an investment account inside the policy.
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