Industrial Alliance Pacific LifeBack to list
President & CEO: Gerald Bouwers
AM Best Rating: A
New Premiums Written: $537,560
Industrial Alliance Pacific Life
2165 Broadway West
P.O. Box 5900
Vancouver, British Columbia
Toll Free: N/A
Phone: (604) 734-1667
Fax: (604) 734-8221
Web Address: www.iaplife.com
* Info courtesy of AM Best's Pocket Key Ratings Guide 2010
Industrial-Alliance Pacific Life Insurance Company (previously North West Life) is owned by Industrial Alliance Insurance and Financial Services Inc., and is an insurance company operating in Canada and western U.S..
The company has three main branches, each with their own products; the Personal Financial Services Division, the Special Markets Group and the SAL Group.
The Personal Financial Services has various insurance and investment products for individuals, the Special Markets Group provides various insurance schemes for groups, organizations and students, while the SAL group offers insurance and protection methods for all kind of vehicles. The company also has a branch in the U.S. which provides various life insurance and 403(b) planning products.
The Special Markets Group, as the name implies, specializes in meeting the unique requirements and needs of people and organizations who are usually ignored by other insurance companies. These include students, firefighters, volunteer associations, employees of different financial organizations and those who work under special, sometimes dangerous, circumstances.
The Special Markets Group have different products to cover the insured members in case of a critical illness, accidental death or hospitalization. Also, Canadian workers employed outside their province or the country, and foreigners who are not eligible for state or provincial health care can be insured through Industrial Alliance.
The U.S. branch of the company has various insurance and investment products for individuals and families living in various states.
Industrial Alliance Company News
Industrial Alliance Pacific Life Policies
1. They have a unique pick-a-term policy, which allows the insured to pick between terms of ten years to 40 years.
2. They have limited pay options with the guaranteed cost of insurance on their Universal Life policies.
1. No participating Whole Life policies.
2. Limited disability Insurance solutions for professionals.