Assumption Life

Assumption Life has indisputably become one of Atlantic Canada’s major insurance and financial investment companies, with more than 75,000 policies in force. It was ranked 33rd out of Atlantic Canada’s top 101 companies.

Assumption Life offers a wide range of products, including individual life insurance, group insurance (life, health, dental, disability), critical illness, travel insurances, mortgage loans, financial services, annuities and segregate funds. Louisbourg Investments is an investment management and financial planning arm aimed at institutions, companies and individual portfolio holders, managing pension plans and pooled funds tailored to individual needs.

One of Assumption Life’s specialty products is Golden Protection life insurance, designed for people between the ages of 40 to 80. It can be obtained without medical examination; the insurance amount triples in the case of accidental death on public transport, and doubles in the case of accidental death. There is even competitive rates for smokers.

The company also has a real estate management arm, Assumption Place Ltd, which operates rental space in New Brunswick. Their holdings include Commerce Houses in Moncton and Château Edmondson. Furthermore, if in need of office space, Carrefour Assomption in Edmundston is home to many business, with an ultramodern conference centre.

The company’s community involvement is impressive, including the Assumption Foundation Scholarship Fund, support of breast cancer research in partnership with the Atlantic Cancer Research Institute, investing in the community through donations and sponsorships (particularly in education and health), and holding the Bobby Orr golf tournament. The company and its employees donate to the Tree of Hope, a non-profit foundation that offers emergency assistance to families who had experienced sudden tragic losses. The company also publishes a quarterly newsletter, The Confident Times. Their head office is located in Moncton, New Brunswick.

LSM Assumption Life Policy Reviews

• Assumption Life's Universal Life Program - Can be a good fit

  This plan holds a very limited share of Canada’s universal life market share, and is uncompetitive at many age and face amount limits.

• Assumption Life's Flex Term: Next to no minuses

  The real strength of the Term Plus plan, which is available for individuals aged 18 to 65, is its flexibility; the insured can choose from terms of 15, 20, 25, 30 and 35 years of coverage.

Assumption Life News

• Non-Medical Life Insurance Myths 08/31/2010

  Non-medical life insurance policies are often misunderstood. The following are five of the most common no medical life insurance myths:

• Six Great Life Insurance Deals 06/20/2010

  Quite often people are presented with "Can't Miss Deals." Life insurance is generally not thought of as one of those opportunities.

• Comparing Non-Medical Life Insurance Simplified Issue Plan 06/15/2010

  Don't get frustrated, find a non-medical plan that's right for you Photo by Tim Samoff. Simplified issue life insurance policies are available without a medical and have anywhere from 3 to 12 health questions. This chart below compares three of the leading simplified issue non-medical life insurance BMO insurance, assumption life, and Canada Protection Plan underwritten by [...]

• A Head-to-Head Comparison of Assumption Life Non-Medical Plans 05/14/2010

  Assumption life offers three simplified insurance policies under their non-medical life insurance umbrella.

• Non-Medical Life Insurance for Insulin-Dependent Diabetics 05/06/2010

  Traditionally, insulin-dependent diabetics would have a very difficult time obtaining life insurance.

• Changes to Whole Life Insurance Marketplace In Canada 05/04/2010

  The Insurance Journal gave a snapshot summary of some of the enhancements to the Canadian Whole Life insurance market.

• A.M. Best Ratings for 2009-2010 04/23/2010

  A.M. Best is a credit rating company for the insurance and banking sectors.

• Life Insurance Policy Fees 04/02/2010

  Life insurance policy fees are built in fee which covers the administration of the policy

• Top Simplified Issue Life Insurance Plans In Canada 02/06/2010

  A snapshot comparison of the top Simplified Issue life insurance plans in Canada.

• Desjardin - Golden Edge - Non-Medical Life Insurance Plan 01/27/2010

  Desjardin offers two non-medical life insurance plans. The Golden Edge Classic, and the Golden Edge Enhance. Both plans are available without a medical.

• Term 100 Coverage versus Universal Life Insurance 01/08/2010

  The difference between Universal Life and Term 100 Coverage,

• Canada's Best Universal Life Policies 12/11/2009

  "You wanted the best, you got the best" is not just a line that works for rock 'n' roll, but Universal Life insurance as well.

• Whole Life Insurance for Children: A detailed look at Canadian Insurance Companies 12/11/2009

  Whole Life insurance can provide a valuable option for individuals looking for lifetime protection, fixed premiums and a tax sheltered savings component.

• Whole Life Insurance Policies in Canada: A Comparative Analysis 12/10/2009

  Whole Life insurance policies can be broken down into two types.

• Three Guaranteed Issue Life Solutions From Assumption Life 10/17/2008

  Assumption Life has made a big splash in the guaranteed issue life insurance market by offering three Guaranteed Issue life insurance solutions.

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