LSM Great-West Policy News

• Great-West Life: Term Life Insurance Policies

  11/15/2011

  Term 10 and 20 policies available from Great-West Life. Photo by Flemming Rasmussen Great-West Life offers Term 10 and Term 20 policies. Both of these plans are renewable and convertible, meaning the insured can renew their coverage without a medical up to age 85 and can also convert the policy without a medical to any [...]

• Universal Life Rates Are Set to Go Up Again

  11/01/2011

  Low interest rates may provide opportunity for insurance shoppers. Photo by Colin The National Post, The Globe and Mail, and the Insurance and Investment Journal have all recently run stories on the upheaval taking place in the Canadian life insurance industry. Historically low interest rates are wreaking havoc on permanent Life policies in Canada. Manulife Financial [...]

• Great West Life’s Disability Insurance

  09/17/2011

  Great West Life offers disability policies for employees and business owners.  Great West Life offers the following four different personal disability insurance programs: 1. Its Professional Series product is designed for professionals, business owners, and employees looking for high-end disability insurance coverage. 2. Its Boss Plus plan is exclusively designed for business owners who are [...]

• Great-West Life Group Benefits

  07/31/2011

  Great West Life has group benefit plans for any team. Photo by SFT HQ Great West Life provides group benefit solutions to small, mid-size, and large Canadian companies. Their group benefit plans include the following components: 1. Health and Dental Coverage Health and Dental Benefits are the primary features of any group benefit plan. These [...]

• Great-West Life’s Individual Health and Dental Policy

  07/19/2011

  Great-West Life's Sonata Health policy provides unique drug support. Great-West Life's individual health and dental policy is called Sonata Health. The plan comes with five plan design levels, including a guaranteed acceptance plan. Each plan level provides varying levels of coverage. The insured can also add up to four optional benefits to the plan, including [...]

• Term 100 Policies in Canada are Under Pricing Pressure

  04/24/2011

  The number of Term 100 options in Canada is dropping. Photo by Joshua Williams Term 100 policies provide lifetime protection and fixed premiums. Most of these policies do not have a cash value. However, some Term 100 policies do have a guaranteed cash value available in the later policy years. These policies are generally described [...]

• Great West Life: Group Life Conversion Option

  10/17/2010

  Group conversion can be a great investment. Photo by Scott Great West Life is the largest provider of group plans in Canada. The group conversion feature allows the insured to convert without a medical to an individual life insurance policy. The conversion option generally must be exercised within 30 days of the insured's plan termination. [...]

• Great West Life: Guranteed Withdrawal Benefit Plans

  10/16/2010

  Look into a Guaranteed Withdrawl Benefit and see your investment rise. Photo by Balazs Gal Great West Life offers the full family of Guaranteed Withdrawal Benefit Plans, including 28 funds in total. These segregated funds are offered throughout Canada and are available as RSPs, spousal RSPs, RRIFs, and RIFs and non-registered accounts. The minimum initial [...]

• $456m Fine: A Costly Mistake for Great-West Lifeco

  10/05/2010

    “C$456 million fine;” that was the sentence that Great-West Lifeco Inc. heard from judge Morissette on Monday, October 1st. But what happened that resulted in such an unprecedented fine to one of the leading life insurers in Canada? This gargantuan success is a result of a 13-year-long class-action lawsuit initiated by policyholders. But first [...]

• Great-West Life: Critical Illness Policy

  07/13/2010

  Oasis is Great-West Life's CI Policy. Photo by bruceley. Great-West Life's Critical Illness policy Oasis is available throughout Canada and is available as a stand-alone policy. Face amount can be as low as $10,000 and the maximum face amount is $2 million. Up to $2,500,000 may be available with individual consideration. The premium options are [...]

• Participating Whole Life Dividend Scales in 2010

  05/29/2010

  Capitalize on the success of your insurance provider. Photo by Balazs Gal. Participating Whole Life policies differ from non-participating Whole Life policies in that they offer both the cash value and a dividend, which allows the insured to share in the profitability of the insurance carriers. Dividend rates tend to be tied to long-term interest [...]

• A.M. Best Ratings for 2009-2010

  04/23/2010

  Most credit scores of insurance companies are stable Photo by Balazs Gal A.M. Best is a credit rating company for the insurance and banking sectors. Consumers use it to assess the financial strength and credit worthiness of their lending institutions. The following are the ratings for March 2010 and the fourth quarter of 2009: AM [...]

• Life Insurance Policy Fees

  04/02/2010

  Don't let policy fees nickel and dime you by Garry Knight Life insurance policy fees are a built-in fee, which covers the administration of the policy. The fee is hidden within the premium, but can be found with the policy document. The following is a summary of term 10 policy fees charged by Canadian insures. [...]

• Group Critical Illness Insurance Sales

  03/23/2010

  The Top Companies for Group Critical Illness Group Critical Illness insurance sales are on the rise. As reported in the February 2010 issue of the Insurance Journal. Recent data shows that growth of Group Critical Illness sales were seven times stronger than the Group Insurance sector as a whole. The Insurance Journal highlighted 13 of [...]

• Great West Life Group Critical Illness Plan

  03/19/2010

  Help Charity with Great West Life's Group Plan Photo by Philippe Tarbouriech Great West Life is a leading provider of group insurance in Canada. They also offer a very competitive Group Critical Illness Plan. The plan is available for group sizes of three lives or more. They offer basic coverage amounts for children and dependants [...]

• Great West Life’s Child Critical Illness Plan

  09/18/2009

  Protect your child's future with Great West Life's Child Oasis   Great West Life has a unique Citical Illness insurance plan for children "Child Oasis". It's designed to provide families with the financial resources necessary to support the recovery and care of a child with a critical condition. It also helps insure their future insurability. [...]