UL Mutual CompanyBack to list
President & CEO: Jacques Desbiens
AM Best Rating: Not Rated
Assets Under Management: $865 million
Premiums Written: $106 million
UL Mutual Head Office
P.O. Box 696
Phone: 1 800 567-0988
Fax: 819 474-1990
*Info courtesy of A.M. Best and UL Mutual's 2010 Annual Report
UL Mutual is a mutual insurance company serving Quebecers since 1889. The company has also been present in Ontario and New Brunswick since 2004. UL Mutual’s financial condition is the envy of its rivals and its success is mainly thanks to its sound business management and a solid network of over 2000 independent financial security advisors.
UL Mutual distributes products that include life insurance and critical illness insurance as well as savings and retirement investment products. The company also offers solutions in the field of Group Insurance.
UL Mutual’s image is one of stability, durability and avant-gardism. It remains one of the last of Canada’s mutual insurance companies and its members have voting rights at its general meetings as well as the right to elect its board of directors.
UL Mutual is a member of Assuris which administers a guarantee fund established to protect policyholders in the event that their life insurance company should fail.
- Over 7 billion dollars of life insurance in force
- A solvency ratio of 300%
- Over 200,000 insured members
- Over 2000 independent financial security advisors
UL Mutual Company Policies
1. Great Term 10 and Term 20 rates
2. Preferred rates on Term policies and plans are guaranteed renewable and convertible
1. No disability insurance policies
2. No participating Whole Life Policies