Canada Life Insurance Company of Canada

Canada Life, a subsidiary of The Great-West Life Assurance Company, offers its customers a variety of insurance and investment products for both groups and individuals. One of Canada Life’s most interesting products is Participating Life, insurance which combines life insurance protection with a tax-advantaged investment component; as long as premiums are paid it guarantees a high level of protection throughout one’s whole life.

The company also offers term life and universal life protection. Their Universal Life plan has multiple cost of insurance (COI) options, including increasing,level and limited pay COI. Canada Life is a leading provider of health insurance solutions, including a wide variety of critical illness and disability insurance solutions.

Canada Life is the leading provider of Credit Insurances where customers can insure their mortgages and loans throughout a number of products tailored to their individual needs.

LSM Canada Life policy reviews

• Canada Life's Achiever Whole Life plans

  Canada Life offers two participating whole life policies: Estate Achiever, which aims to maximize the insured’s estate, and Wealth Achiever, which focuses on cash accumulation.

• Canada Life's Term Life policies: Traditional and Well-Priced

  The $100,000 minimum face amount of this plan makes it problematic for older applicants on a tight budget to cover a temporary insurance need, such as a mortgage or business loan.

• Canada Life's Disability Plan: Four Features for Future Fortunes

  Canada Life Assurance Company offers four types of disability plans: lifestyle protection plan, independence plan, overhead expense plan, and a buy/sell plan. Its flagship disability product is their lifestyle protection plan.

• Canada Life’s universal life plan - one of the best around

  Canada Life’s universal life plan is one of the best in the industry. It qualifies for their “Astra” program. This program gives a 50% reduction in premiums to all rated policyholders.

• Canada Life's Disability and Critical Illness Plans: Two Needs, One Discount

  Canada Life’s Dual Solutions premium reduction allows clients to satisfy two separate needs and receive a 5% discount on each product.

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