Industrial Alliance Pacific Life

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.

LSM Industrial Pacific Policy Reviews

• Industrial Alliance Revamped it's Non-Medical Life Insurance Line-up

  Industrial Alliance has two non-medical life insurance plans.

• Industrial Pacific's Universal Life Plan Genesis: a Competitive Coverage

  Genesis is available with preferred rates for those applicants in very good health and good family health history. But the savings are much less pronounced than on Industrial Alliance’s term plans.

• Industrial Alliance Pacific: Pick-a-Term, Any Term

  The unique feature about the Industrial Alliance Pick-a-Term plan is the applicant gets to select a term between 10 and 30 years. This is a terrific feature for anyone who wants to cover a debt for a specific period of time, such as a mortgage.

• Industrial Pacific's Disability Insurance Plan: Gain Momentum

  The Momentum plan provides income replacement coverage from $500 to $4,000 per month in the event of a disability due to injury. The plan has three waiting period options—0 days, 30 days or 120 days, and a benefit period of 2 years or to age 60.

Industrial Alliance Company News 

• Industrial Alliance Reduced Term Rates 08/13/2009

  Industrial Alliance has reduced its term insurance premiums by 5% as of August 10, 2009.

• Industrial Alliance Buys Money Concepts and AEGON Canada 07/08/2008

  Industrial Alliance (IA) has obtained all regulatory authority approvals for the acquisition of National Financial Corporation, the parent company of AEGON Dealer Services Canada Inc., Money Concepts Limited and National Financial Insurance Agency Inc, the company announced in a press release.

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