Unity Life of Canada

Unity Life of Canada was formed in 2002 when Toronto Mutual Life and Western Life Assurance merged. Its history actually dates back to 1898 when the company was founded as the Insurance Department of the Subsidiary High Court of the Ancient Order of Foresters. Most recently on April 2, 2008, Unity Life was converted from a mutual life company to a stock life insurance company owned by Foresters. The Toronto-based company offers a competitive lineup of traditional life insurance products such as term, permanent and living benefits insurance.

It is also an active player in the niche markets, offering complete accident and sickness insurances and financial protection.

Unity Life also underwrites a host of unique non medical simplified issue products marketed by Canada Protection Plan 

LSM Unity Life Policy Reviews

• ACA Assurance

  Rating of ACA Assurance policies from independent insurance expert Lorne S. Marr

• A Closer Look: CPP Term Plans

  Since June 2006, Canadian Protection Plan has offered various term life insurance plans underwritten by Unity Life.

• Unity Life’s Plus Term: a Hidden Gem (Discontinued)

  Unity Life’s Plus Term is a non participating whole life policy available in Canada to applicants aged 18 to 45. The plan provides lifetime protection and is guaranteed paid up at age 65. The policy has a guaranteed cash value available at age 65 and the cash value accumulates each year thereafter.

• Co-operators' Term Life Policies: Individual or joint

  Co-operators' term 10 is not very well priced at most age groups; however, they are one of the few insurance companies in Canada to offer a 25-year term.

• Unity Life's Term Life Insurance Policies: A Strong Lineup

  Unity is one of the only companies to offer 5, 10, 15, 20, 25 and 30-year terms. Their entire term lineup is very competitively priced. Free quote online.

• Unity Life of Canada

  Unity Life Canada was formed in 2002 when Toronto Mutual Life and Western Life Assurance merged. Policies: term, permanent and living benefits insurance.

Unity Life of Canada News

• Term 15 Life Insurance 05/30/2010

  Term 15 life insurance offers a hybrid type policy for those who are wavering between Term 10 plans and Term 20 policies.

• A.M. Best Ratings for 2009-2010 04/23/2010

  A.M. Best is a credit rating company for the insurance and banking sectors.

• Life Insurance Policy Fees 04/02/2010

  Life insurance policy fees are built in fee which covers the administration of the policy

• Canada Protection Plan: Simplified Life vs. Deferred Life 01/28/2010

  Canada Protection Plan is a Canadian company, which is a leading provider of non-medical life insurance solutions, underwritten by Unity Life.

• Life Insurance for Smokers vs. Non-Smokers 01/07/2010

  Life insurance companies generally classify an applicant as a smoker if he or she has used and form of tobacco during the last 12 months.

• Term Life: Unity Life Updates Risk Structure 12/13/2009

  Unity Life has updated their Preferred Term risk structure -- effective immediately.

• A Closer Look: CPP Term Plans 05/08/2009

  Since June 2006, Canadian Protection Plan has offered various term life insurance plans underwritten by Unity Life.

• Unity Life’s Plus Term: a Hidden Gem 08/11/2008

  Unity Life’s Plus Term is a non participating whole life policy available in Canada to applicants aged 18 to 45. The plan provides lifetime protection and is guaranteed paid up at age 65.

• A Strong Term Lineup 06/09/2008

  Unity Life is one of the only companies to offer 5, 10, 15, 20, 25 and 30-year terms.

• Unity Life adds universal life insurance 04/22/2008

  Unity Life of Canada, a Foresters Company, expands its product portfolio with the addition of Forester Passport Universal Life.

• Demutualization completed 04/04/2008

  Foresters and Unity Life of Canada announced completion of the agreement under which Unity Life becomes a wholly owned subsidiary of Foresters and will represent Foresters in the Canadian market as "Unity Life of Canada, a Foresters Company

• Demutualization at Unity Life - why is it great news? 03/30/2008

  As we have reported earlier, policyholders of Unity Life of Canada have voted to sell the insurer in April to the The Independent Order of Foresters, a fraternal benefit society.

• Unity Life policyholders accept sale to Foresters 03/04/2008

  Policyholders of Unity Life of Canada have voted to sell the insurer in April to the The Independent Order of Foresters, a fraternal benefit society.

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