Canada Life Insurance Company of Canada

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President & CEO: D. Allen Loney

AM Best Rating: A+

Assets: $63,646 million

Assets Under Management: $92,385 million

New Premiums Written: $1,125 million

Address:

Canada Life Assurance Company
1901 Scarth Street
Regina, SK
S4P L44

Toll Free: 1-888-252-1847
Phone: 416-597-6981
Fax: 416-204-2369

Web Address: www.canadalife.com
Email Address: N/A

* Rating courtesy of www.ambest.com and info courtesy of the company's 2010 annual report

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.

News about LSM Canada Life Insurance Company of Canada

Canada Life Insurance Company Policies

Pluses:

1. They have very well-priced term 10 and term 20 policies, which are renewable and convertible.
2. They have an ASTRA program on all permanent policies that decreases any ratings by one classification on all permanent plans with a modified classification.

Minuses:

1. They do not offer a Term 30 policy.
2. They do not offer a Term 100 plan.

1 year stock chart for Great-West Lifeco Inc.


The above closing stock price is for the parent company, of which Canada Life Insurance Company is a subsidiary. This daily closing stock price is for informational use only and is meant to reflect the current financial well-being of the parent company.

LSM Canada Life Policy Reviews

Posted by .

Chantal Marr is a member of the Independent Financial Brokers of Canada.
Much of her success stems from her ability to listen to her clients' needs.
Read Chantal's background.

4 Comments

  1. Four Features for Future Fortunes 05/15/2008 at 8:04 am

    [...] Canada Life Insurance Company of Canada [...]

  2. Canada Life’s Achiever Whole Life plans 07/23/2008 at 5:51 am

    [...] Canada Life Insurance Company of Canada [...]

  1. Changes to Canada Life’s Critical Illness Plan 09/03/2008 at 4:59 am

    [...] who want Permanent Critical Illness insurance but do not want to pay into their retirement years. Canada Life is also joining several other carriers in an attempt to get standardized critical illness [...]

  2. Changes to Canada Life’s Critical Illness Plan - Great news for the life insurance industry 09/03/2008 at 6:12 am

    [...] who want Permanent Critical Illness insurance but do not want to pay into their retirement years. Canada Life is also joining several other carriers in an attempt to get standardized critical illness [...]

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