Assumption Life

Assumption Life Policies
Assumption Life

President & CEO: Denis Losier

AM Best Rating: A-

Assets: $609,190,000

Assets Under Management: $479,944,000

New Premiums Written: $67,100,000

Address:

Assumption Life
770 Main Street
P.O. Box 160
Moncton, New Brunswick
E1C 8L1

Toll Free: 1-800-455-7337
Phone: 506-853-6040
Fax: 506-853-5428

Web Address: www.assumption.ca
Email Address:

* Info courtesy of AM Best's Website 2011

* Assets expressed in thousands of dollars

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

  1. Assumption Life policies
    Rating of Assumption Life policies from independent insurance expert Lorne S. Marr

Assumption Life News

Back to the Canadian life insurance company directory

11 Responses to “Three Guaranteed Issue Life Solutions From Assumption Life”

  1. Life insurance can be very stressful and often confusing. It’s good to know what’s available before making a decision. Shopping around is the best tactic to finding the right insurance for you.

    Life Insurance thought on October 21st, 2008 1:57 pm

  2. Hi Lorne,

    What would the rate be for Ralph for the Golden Peotection life insurance for $30,000.00? He was 70 on Oct. 17,2008 and is a non smoker.

    Lois Peckham

    Lois Peckham thought on October 27th, 2008 12:54 pm

  3. Thanks Lois. I will send you a quote in a seperate email. Best Regards … Lorne

    lorne thought on October 27th, 2008 2:23 pm

  4. I believe the advantage of this type of life insurance lies in its convenience, which can be attractive to a lot of people. That was a sound idea of the company.

    Insurance Agent thought on November 5th, 2008 9:07 am

  5. Thanks for the note. I think a key advantage is it allows people to get coverage who would not normally qualify for insurance. As the population ages this market is increasing. Regards … Lorne

    lorne thought on November 5th, 2008 1:49 pm

  6. What would a gauranteed issue life cost for a 44 year old non smoker female, with death benefit of $10,000 cost please? She has cancer

    William LeFew thought on September 24th, 2009 11:41 pm

  7. Thanks for the note. $10,000 of Golden Protection with Assumption Life would be $22.55 a month. The insured would have to had been diagnosed with cancer over 2 years ago and had no change in treatment the last 2 years.

    lorne thought on September 25th, 2009 8:23 am

  8. Hello,
    Can a 35yr old single mom, who has been diagnosed with HIV 5 yrs ago be able to get life insurance. There has been no change in treatment in 3.5 yrs, working full time in Toronto $51K/yr, homeowner for 1.5 years with no mortgage life insurance.

    Please advise,
    Thanks

    sam thought on April 5th, 2010 3:10 pm

  9. Thanks for the note – I will send you an email now with some additional details.

    lorne thought on April 5th, 2010 3:21 pm

  10. Is the Life Solutions product available to US citizens?

    marv thought on January 18th, 2012 2:59 pm

  11. Hi Marv,

    We only offer insurance solutions for Canadians.

    Regards, LSM Insurance

    LSM Insurance thought on January 18th, 2012 3:09 pm

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