Canadian Tire Life Insurance
Back to listPresident & CEO: Stephen Wetmore
AM Best Rating: Not Rated
Total Gross Average Receivables: $4,026.7 million
Revenue: $243.1 million
Net Income: $9.9 million
Address:
Canadian Tire Financial Services
PO Box 2000, Station Main
Welland, ON
L3B 5S3
Toll Free: 1-800-265-3449
Phone: 1-866-681-2837
Fax: N/A
Web Address: www.ctfs.com
Email Address: N/A
*Info courtesy of www.ambest.com and Canadian Tire Financial Services www.ctfs.com. The info is from the Q3 2011 and YTD 2011 financial reports of the financial services segment of the business.
Canadian Tire Financial Services is the financial services arm of Canadian Tire Corporation, Ltd.,one of Canada's 35 largest publicly traded companies. CTFS offers range of variety of insurance products to around six million customers. Their business philosophy is keeping "Customers for Life".
If you think of Canadian Tire, you’re probably thinking power tools and patio furniture; however, the company has offered a term life insurance plan, underwritten by The Canada Life Assurance Company, since 2005.
Canadian Tire Life Insurance Policies
Plus:
1. No medical tests on their Term 5 life insurance plan
2. Guaranteed Renewable
Minuses:
1. Very limited product line up
2. No conversion privilege on their Term plan



