Standard Life Assurance CompanyBack to list
President & CEO: Joseph Iannicelli
AM Best Rating: NR-5
New Premiums Written: $1,605,640
Standard Life Assurance Company
1245 Sherbrook Street West
Toll Free: 1-888 841-6633
Web Address: www.standardlife.ca
* Info courtesy of AM Best's Pocket Key Ratings Guide 2010
Standard Life Assurance Company of Canada is a subsidiary of Standard Life plc which has approximately six million customers in the UK, Germany, Spain, Austria, Ireland, India, China and the U.S. Standard Life Canada has over a million customers; they are the fourth largest insurance company in Canada and considered a dominant player in the retirement market.
The company is proud to have a 95% customer retention rate, proving that its customer service is among the best in the industry.
Standard Life has many solutions when it comes to insurance, whether the focus is on protection or investment. One of their products, Perspecta Universal Life Insurance, offers the insured both asset protection and investment growth, while serving as a tax sheltering tool for families and businesses as well.
In early 2007, Standard Life Canada launched its new “Plan for Life” program aimed at helping Canadians plan their retirement in advance. This multimedia program assists members in making the best retirement plan decisions with the help of communication and investment tools, and online and personal assistance.
Standard Life was the first insurance company in Canada to offer the patented “Total Customer Satisfaction Guarantee” on all its individual products. As a result, customers who are not satisfied with their products will receive a refund of all premiums paid.
Standard Life Assurance Company News
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Standard Life Assurance Company Policies
1. They have term plans at both preferred and standard rates.
2. They have Life Pay and Quick Pay. In addition, they also have guaranteed or non-participating Whole Life Life Pay and Quick Pay policies.
1. They do not have a disability policy.
2. Their Universal Life level cost plan is not well priced at many age brackets.