List of Canadian Life Insurance Companies

Below is a list of Canadian Life Insurance companies. If you click on the links, a new page with detailed contact information opens.

The Canadian life insurance market place is constantly changing. Some recent changes included Assumption Life no longer offering Universal Life insurance, Empire Life no longer offering 20 Pay Life Whole Life policies,  Equitable Life introducing a new Simplified Issue plan,  Foresters Life Insurance Company adjusting its Whole Life offering and Canada Protection Plan increasing its issue limits on its No Medical Permanent and Term Plans

Please email us with any comments or questions! You can also leave us a comment below. Thanks!

canadian life insurance companies
Canadian Life Insurance Companies

  1. UL Mutual Company
  2. Equitable Life Insurance Company of Canada
  3. Great-West Life Assurance Company
  4. Industrial Alliance Life Insurance
  5. Industrial Alliance Pacific Life
  6. Manulife Financial | Manulife Life Insurance
  7. RBC Life Insurance
  8. Reliable Life Insurance Company
  9. Primerica Life Insurance Company
  10. Desjardins Financial Security Life Insurance
  11. Hunter McCorquodale Inc.
  12. ACA Assurance (L’Union-Vie Compagnie Mutuelle/ Union Life Mutual)
  13. Canada Life Insurance Company of Canada
  14. SSQ Life Insurance Company Inc. (Formerly AXA Life Insurance Inc.)
  15. Medavie Blue Cross
  16. Bingham Group Services Corp. (BGS)
  17. Co-operators Life Insurance Company
  18. National Life Insurance Company
  19. Assumption Life
  20. London Life Insurance Company
  21. Standard Life Assurance Company
  22. Canadian Tire Life Insurance
  23. ScotiaLife Financial
  24. Canada Protection Plan
  25. La Capitale Life Insurance
  26. IA Excellence Life Insurance Company
  27. Empire Life Insurance Company
  28. Wawanesa Life Insurance Company
  29. Foresters Canada
  30. Union of Canada Life Insurance
  31. Transamerica Life Canada
  32. BMO Life Assurance Company (formerly AIG Life Insurance)
  33. Sun Life Assurance Company of Canada
  34. Humania Assurance Inc. (Previously LS Mutual)

List of Canadian Insurers above with Description

  1. UL Mutual Company
    Lorne looked at the policies of one of the last of Canada’s mutual insurance companies and prepared a detailed analyses. thumbnail

  2. Equitable Life Insurance Company of Canada
    Corporate info and comparative product analysis of Independent Equitable Life Insurance Company of Canada portfolio. thumbnail

  3. Great-West Life Assurance Company
    Detailed contact and financial information about Great West Life Assurance, including comparative reviews of all their life insurance policies. thumbnail

  4. Industrial Alliance Life Insurance
    Industrial Alliance Insurance and Financial Services offers a broad range of insurance products. We had a detailed look at them. thumbnail

  5. Industrial Alliance Pacific Life
    LSM brokers analyzed insurance products portfolio of Industrial Alliance Life Pacific (ex North West Life). thumbnail

  6. Manulife Financial | Manulife Life Insurance
    Manulife Financial is a leader in Canadian financial services. Here's a critical look at their life insurance policy line up. thumbnail

  7. RBC Life Insurance
    Detailed independent product analysis of RBC Insurance portfolio by LSM Insursance members. thumbnail

  8. Reliable Life Insurance Company
    Reliable Life Insurance, part of the Old Republic Insurance Group. Do its insurance products fit its name? thumbnail

  9. Primerica Life Insurance Company
    Controversial products offered by Primerica Canada include life insurance, debt consolidation loans and mutual fund investments. thumbnail

  10. Desjardins Financial Security Life Insurance
    Desjardins Financial Security is ranked the 1st life and health insurer in Quebec. How good are its products? thumbnail

  11. Hunter McCorquodale Inc.
    Hunter McCorquodale's develop, distribute and underwrite special risk life, accident and health products to provide solutions for client needs. thumbnail

  12. ACA Assurance (L’Union-Vie Compagnie Mutuelle/ Union Life Mutual)
    ACA Assurance, also known as the Association Canado-Américaine, is the only Franco-American fraternal benefit society of its kind. How are its products? thumbnail

  13. Canada Life Insurance Company of Canada
    Canada Life is the leading provider of Credit Insurances. We have analyzed their product line up in detail. thumbnail

  14. SSQ Life Insurance Company Inc. (Formerly AXA Life Insurance Inc.)
    AXA Financial Protection enjoys an excellent reputation in the world. How do they stand against competition in Canada? thumbnail

  15. Medavie Blue Cross
    Is it true that Medavie Blue Cross offers affordable and quality products? We know everything about this insurer! thumbnail

  16. Bingham Group Services Corp. (BGS)
    Bingham Group Services Corp is Canada’s leading TPA and MGA in the business of creating, marketing and administering group creditor insurance products. thumbnail

  17. Co-operators Life Insurance Company
    Contact information, corporate updates and independent portfolio reviews for The Co-operators, leading multi-product insurance company. thumbnail

  18. National Life Insurance Company
    National Life is one of the innovators of life insurance in America, having introduced some improvements that are now regular features of policies. thumbnail

  19. Assumption Life
    Assumption Life is one of Atlantic Canada’s major insurers. We have contact info, corporate news, and independent product reviews. thumbnail

  20. London Life Insurance Company
    Contact, product reviews and corporate news. London Life Insurance Company is an Ontario-based insurer controlled by Great-West Life Assurance Company. thumbnail

  21. Standard Life Assurance Company
    Standard Life offers the patented “Total Customer Satisfaction Guarantee”. How do their products stand against competition? thumbnail

  22. Canadian Tire Life Insurance
    Canadian Tire Financial Services (CTFS) is part of Canadian Tire Corporation. We have detailed contacts, product reviews and corporate news. thumbnail

  23. ScotiaLife Financial
    Closer look on their health, home, auto, travel, and creditor insurance policies of ScotiaLife Financial. thumbnail

  24. Canada Protection Plan
    Canada Protection plan offers a wide variety of Non Medical Life Insurance plans. A critical review of CPP policies. thumbnail

  25. La Capitale Life Insurance
    La Capitale is a 70 year old province of Quebec based life insurer. We know everything about their products and operations. thumbnail

  26. IA Excellence Life Insurance Company
    Complete information about products of IA Excellence, which has deep roots in Quebec’s life and health insurance industry. thumbnail

  27. Empire Life Insurance Company
    Empire Life is one of the top 10 life insurance companies in Canada. How do their policies stack up against the competition? thumbnail

  28. Wawanesa Life Insurance Company
    Critical review of Wawanesa Life policies - individual life insurance and annuity products, and group insurance products. thumbnail

  29. Foresters Canada
    Unity Life Canada markets term, permanent and living benefits insurance. We prepared criticall analysis of its products. thumbnail

  30. Union of Canada Life Insurance
    Union of Canada Life Insurance contact details, independent product reviews, and corporate news by LSM Insurance. thumbnail

  31. Transamerica Life Canada
    Transamerica is one the leading insurers in Canada. We compared their products with competition. thumbnail

  32. BMO Life Assurance Company (formerly AIG Life Insurance)
    How do BMO life insurance policies stack up against the competition? A critical look at BMO life insurance offerings. thumbnail

  33. Sun Life Assurance Company of Canada
    Detailed contact information, independent product analysis and corporate news prepared by Lorne Marr. thumbnail

  34. Humania Assurance Inc. (Previously LS Mutual)
    Though the company has experienced significant growth over the years, their values -- customer focus, empathy and humanity -- remain the same. thumbnail

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What Clients Say About LSM

life insurance testimonialsYou have a great website and your team does a top notch job. ...1 of 84Aidan Mackenzie Read more


  1. harold john armstrong 07/25/2008 at 5:56 pm

    looking up old policy1988 1989

  2. harold john armstrong 07/25/2008 at 5:59 pm

    require update on old policy LF219679

  3. LSM Insurance 07/25/2008 at 7:06 pm

    Hi Harold,

    Thanks for the note. You would have to contact the insurance or your broker directly for your policy details. Regards … Lorne

  4. Prodyut Das 03/12/2009 at 10:43 am


    I was just wondering if someone could help me find
    a ranking of Insurance companies from a Universal Life insurance point of view and a ranking in general from a company historical performance point of view.

    Appreciate it much.

  5. LSM Insurance 03/12/2009 at 2:50 pm

    Hi Prodyut,

    Yes we can help out with that.

    I will send you a seperate email shortly. Best Regards … Lorne

  6. Rosemarie O'Brien 04/23/2009 at 5:31 pm

    Could someone help me identify the Insurance Company that used to be known as Superior Life? I can’t find them now and I urgently need to get in touch with them.

    Anyone’s help would be greatly appreciated!



  7. LSM Insurance 04/23/2009 at 5:44 pm

    Hi Rosemarie,

    I have never heard of Superior Life but you can try contacting for more details.

    Regards … Lorne

  8. wendy 05/27/2009 at 6:34 am

    my late father(d.o.d dec.2007) had a life insurance with the city of toronto where he was a senior placement officer for 30yrs.till retirement, then was called back to sit on board of commissions, i called their human resources and spoke to someone who said he had cancelled said policy/group plan, i asked for this in writing but no response-1 yr now. i do not believe this to be true, my father clearly stated i was the beneficirary to the 1 million dollar policy.his much younger wife who acted as his p.o.a and now says she is executer has acted neglegently and says none of his children in will and refuses to show will. my father James Vincent Calce was of great wealth, stocks, precious metals,race horses,realastate etc. How do i confirm the above info pertaining to any insurance policy dad had.thanking you in advanced for any assitance you can offer.wendy calce

  9. LSM Insurance 05/27/2009 at 8:46 am

    Hi Wendy,

    Thanks for the note.

    I would check for past pay slips to see if any group life deductions were being made.

    You can also visit the attached link link to

    Regards … Lorne

  10. Bill 10/24/2009 at 7:35 am

    As a financial consultant, this site is useful in helping clients seek a life insurance source on their own. Could you also please list the life insurance companies by type of company, size, and what their percent mix of financial activities are? For example, Manulife and Sun Life are best known for their life products whereas the banks are banks with life on the side. Size matters to some. Their diversity of investing also matters. Thank you for the service.

  11. LSM Insurance 10/24/2009 at 10:13 am

    Hi Bill,

    Thanks for sharing your thoughts. I agree diversity of holding is an important variable. We will consider your comments as we continue adding more relevant content to the site.

  12. bill carnegie 02/17/2010 at 1:13 pm

    I had a policy with North American Life Assurance Company Started in approx 1968 when i was young. I paid premiums of $ 21.19 for approx 5 years ..then just abandoned the policy.. going thru old receipts and cancelled cheques today i located some..i looked for the luck.The company may have been taken over or sold or absorbed by another..i would like to by what company…tnanks

  13. LSM Insurance 02/17/2010 at 1:38 pm

    Thanks for the note Bill. I am pretty sure North American Life was taken over by Manulife. Their CSC # is 1.888.626.8543. Regards … Lorne

  14. Mrs. Syvia Lawson 03/06/2010 at 6:07 pm

    I am retired and on a fixed income. I would like to know how I can cancel my BMO formerly AIG insurance policy. I don’t know how to get in touch with a broker because my insurance is automatically withdrawn from my Scotiabank account.

  15. LSM Insurance 03/07/2010 at 10:32 am

    Hi Syvia,

    Thanks for the note. BMO’s CSC is 1.800.387.9855.

    Regards … Lorne

  16. James 03/23/2010 at 7:51 pm

    I am shopping for a new mortgage. We now have mortgage and Insurance with Td Bank . My wife has had Breast cancer 2 years ago and as far as we know all is clear. Can you recommend an insuance company which would cover her under a term policy?

  17. LSM Insurance 03/24/2010 at 7:52 am

    Hi James,

    Assumption Life has a plan called Golden Protection which should be a good fit for your wife (it is a Permanent rather than a Term plan) I’ll email you more details. Regards … Lorne

  18. nikki 04/14/2010 at 5:52 pm


    I am shopping for life insurance. What do you think of a 30 year term life with State farm. I am 34 years, never smoked.

  19. LSM Insurance 04/14/2010 at 7:37 pm

    Hi Nikki,

    Thanks for the note – State Farm only sells 30 year term plan through their own agent network. We are happy to assist with comparison quote.


  20. cynthia 05/31/2010 at 8:58 am

    Does anyone know what happened to national Life Insurance company?

  21. LSM Insurance 05/31/2010 at 10:53 am

    Thanks Cynthia – I believe National Life’s policies are now administered by Industrial Alliance. Rrgards … Lorne

  22. clara 06/19/2010 at 1:30 pm

    hi, can u help me to find a life insurance that fits for my mom? she’s 60 years old…

  23. LSM Insurance 06/20/2010 at 4:31 pm
  24. Steph 02/02/2011 at 10:01 pm

    Hey there, I’m looking for insurance for my mother. Could you help with this?

  25. LSM Insurance 02/03/2011 at 9:36 am

    Thanks Steph – we are happy to help. The rates would depend on your mothers age, health, smoking status, type and amount of coverage. We’ll send you an email now.

  26. Alex 02/05/2011 at 4:55 pm

    Could someone find a ranking of life insurance in general from a company historical performance point of view? Thanks!

  27. LSM Insurance 02/06/2011 at 10:40 am

    Thanks Alex. Depending on the type of data you are looking for you could check with LIMRA link to

  28. Ajay 03/04/2011 at 10:06 am

    Can anyone please help me choose a life insurance Should I go with the Canadian Banks or the broker insurance.. EX: If I take an insurance for life and I pay the insurance company for 30 years. What happens if the small insurance brokers get bankrupt… Please help

  29. LSM Insurance 03/04/2011 at 11:20 pm

    Thanks for the note. Your insurance policy is contract between you and the Insurance company. If the insurance broker or agency went bankrupt this would not impact your policy.

    Keep in mind RBC Insurance and BMO Insurance both use independent products to help distribute their products.

  30. Divine 05/13/2011 at 9:14 pm

    Hi. I have a term 25 policy with Primerica. But Industrial Alliance Pacific’s offer for term 20 is much cheaper with higher face amount. Any thoughts? Which is the better company in terms of performance, stability etc? Thanks in advance!

  31. LSM Insurance 05/14/2011 at 8:38 am

    Thanks for the note Divine.

    Both companies are members of Assuris which cover the greater of $200,000 or 85% of the policy face amount in case of insolvency.

    Industrial Alliance Term plans are also convertible to a Permanent plan without a medical.

  32. Jordan 05/24/2011 at 9:37 pm

    250,000 term life insurance, born 1985, non-smoker. Type 1 diabetic for 1 year now. Controlled very well with insulin. Please help me a find a plan.

    Sun Life quoted me at $61.88 per month. Is this the best I can do?

  33. LSM Insurance 05/25/2011 at 2:27 pm

    Thanks for the note. We have both Simplified Life Insurance and Traditional Life Insurance policies and we will be in touch by email soon to discuss which may be a better option.

  34. Josh 07/29/2011 at 3:59 am

    Hi, So I have been recently approached by my family to get this life insurance by the Knights of Columbus. It’s a catholic organization and they believe that they have one of the best insurances around. I was wondering if this is true or not. I am a 20 year old male, in good health with no medical problems.

  35. LSM Insurance 07/29/2011 at 8:41 am

    Thanks for the note Josh. Knights of Columbus is not on Compulife or Lifeguide – two of the tools we use to compare insurance plans and carriers.

    It may be worthwhile to get a comparison quote – premiums can vary widely among carriers – especially on Permanent plans.

  36. Natasha 12/25/2011 at 12:15 am

    Hi, I’m a new soon to be homeowner and I’m shopping around for mortgage life insurance. I’ve already been told getting a mortgage insurance through the bank is more expensive and limits you. So, for this reason I’m looking for mortgage life insurance through a company. Can anyone list the top reputable companies that I should be looking at. I’m a 32 year old female with no health issues (I’m a non-smoker). I did have a PDA (patent ductus arteriosus) as a baby, but it was repaired. No issues!

  37. LSM Insurance 12/25/2011 at 10:43 am

    Hi Natasha,

    Thanks for the note. You would first want to verify the company is a member of Assuris – they guarantee the greater of 85% of the policy face amount or $200,000 in case of insolvency.

    The best rate will depend on the insured’s age his/her health, smoking status and type of plan.

    We will send you a separate email now. Regards,

  38. Denise 02/16/2012 at 12:11 pm

    I am looking for life insurance to cover my entire family…myself, husband and two young children. Money is always an issue as many people know! What company in Ontario offers the best bang for our buck? Everyone is healthy and no smokers. Thanks for your help! I am 32 and my husband and children are 34, 5 and 2 years old..

  39. LSM Insurance 02/16/2012 at 4:23 pm

    Hi Denise,

    Thanks for the note. The best plan and best premium really depends on the amount of coverage and type of plan.

    Insurance Companies have different banding levels on their pricing for different products. We will send you a spearate email now.

  40. ken 05/03/2012 at 12:51 pm

    Very interesting and helpful!

    I think staying with the larger, older life ins. companies is the safest way to go.

  41. Colin 06/16/2012 at 12:28 pm

    Hi I’m looking for a insurance company to cover my family myself, wife and 3 kids I live in Alberta what is the best price? Everyone healthy no smokers I’m 38, wife 34, girls 10, 3 son 6months old

  42. LSM Insurance 06/16/2012 at 2:07 pm

    Thanks for the note – we are happy to help. The rates will depend on the type of plan and the amount of coverage. We will send you a separate email now.

  43. mj 09/24/2012 at 3:08 am

    hi,i really dont know which insurance company should i choose bcoz both of them talk nicely about their company..couldu help me which insurance company has a nice feedback between industrial alliance and sunlife

  44. LSM Insurance 09/24/2012 at 12:47 pm
  45. gabriel 10/04/2012 at 10:46 pm

    hi, so many companies! i am looking for life insurance for myself and husband for our children’s sake. we have 2 toddlers. please advise of a good one. thanks!

  46. LSM Insurance 10/05/2012 at 1:12 pm

    Thanks Gabriel. The best plan really depends on your needs and your budget. If you are looking to cover a Temporary need like a business loan a Term plan is likely a better fit. If it’s a Estate planning need Permanent insurance would better. We will send you a separate email now.

  47. Caroline 01/02/2013 at 4:10 pm

    I am looking for life insurance (possibly whole life insurance as I have heard good about this). With a home, family and so on I want to be smart about costs if anything happens. Currently single legal status and healthy but always good to plan for the future I think. What company in Ontario offers the best coverage? Thank you in advance.

  48. syed 01/03/2013 at 5:54 pm

    Hi Caroline,

    Thanks for the note. Whole life policies available from different carriers will have similar and varying features. The best option for you is based on your needs and preferences. For example, cash surrender values vary from carrier to carrier which may or may not be important to you. I will send you an email with some more information and hopefully we can assist you further.


  49. Sandra 02/17/2013 at 2:37 pm

    This is a shot in the dark but I am hoping someone can point me in the right direction. My father passed away last spring. In his will the children are to inherit all insurances. The executor of the will, his wife is not very forthcoming and says that she cannot find any papers about any insurances. Is there anyone I can contact to inquire about his potential life insurances or do I have to contact every single life insurance companies established in Canada. PS; my father lived in the province of Quebec. Thanks you

  50. LSM Insurance 02/17/2013 at 6:51 pm

    Thanks for the note. This article may be helpful link to

  51. B Guyle 02/19/2013 at 1:34 am

    Mental health care costs are skyrocketing. This is due both to the high costs of prescription drugs many people are prescribed for long terms, if not for life, and to short term, long term and permanent disability payouts. These are considerable costs to all insurance companies.

    I have developed a compassionate and powerful system that is proven to help people get their lives back together without prescription drugs (or minimal) while getting them back into productive employment. I am looking for insurance companies that would be interested in reducing payout costs for disability and medication costs to liaison with me on my program.

    Thank you

  52. LSM Insurance 02/19/2013 at 9:19 am

    Thanks for the note. You would have the contact the insurance carriers directly to see if they would have interest in your product.

  53. attinko 04/10/2013 at 1:01 pm

    37 year old male with Hep B condition since 2yrs but undercontrol and no medication looking to have a term life ins that will cover life or life ins for limited amount. Have mortgage and of course would like to safe on ins as money is tight.

  54. LSM Insurance 04/10/2013 at 5:58 pm

    Thanks for the note. We will be in touch by email to see which plan is the best fit.

  55. Rick 04/14/2013 at 6:51 am

    We are 4 in our family. My wife and I have Life insurance (I believe its term) and kids have ins. to cover funeral all through LL. I have a house and an additional investment property with another investment property to come in the next month. Mortgage ins is through RBC. Very expensive. Will call LL next week to discuss but should I be considering a different insurance carrier? Should I convert to a permanent?

  56. LSM Insurance 04/14/2013 at 10:02 am

    Thanks for the note. It’s hard to say which company or plan is best without looking at your individual situation. The premiums vary among carriers, the cost will be influenced by you age, smoking status, Health and coverage amount.

    We will send you a separate email now.

  57. Rea G 04/23/2013 at 2:12 pm

    Do you have BMO phone number. I want to change my beneficiary. Thanks

  58. LSM Insurance 04/23/2013 at 2:15 pm

    BMO Insurance’s Customer Service Centre number is 1.800.387.9855.

  59. Donna 04/23/2013 at 9:01 pm

    Hi…I am 56, shopping for life insurance…very confusing…Would appreciate any help, advice etc!


  60. LSM Insurance 04/24/2013 at 12:03 pm

    Hi Donna,

    Thanks for the note we are happy to help out and clarify things. The premiums will based in part on the following:

    The amount of coverage
    The type of plan (Term or Permanent – Term starts off lower and increases as you get older. Permanent starts off higher but generally offers a level rate
    Your Date of Birth and Smoking Status. Please note most insurance companies use age nearest pricing so we would need the month and year of birth to do an accurate quote
    Any major health issues we offer both traditional life insurance and No Medical Life Insurance plans.

    We will send you an email now?

  61. Fraser 04/29/2013 at 6:52 pm

    I’m a male 45 years old have been a non smoker for the past 5 years but smoked for 20 years prior. My policy needs renewing, would I now be considered a non-smoker and would that be reflected in my premium?

  62. John 04/29/2013 at 6:54 pm

    How much non-medical term life insurance is it possible for me to buy in Canada?

  63. LSM Insurance 04/29/2013 at 7:38 pm

    Fraser, you would have to supply medical evidence to get an improvement in classification. Most insurance companies require you to be tobacco free for 12 months.

  64. LSM Insurance 04/29/2013 at 7:39 pm

    John, that depends on whether you can “no” to some of the questions on the Simplified Issue no medical plans. The more questions you can answer “no to the higher the coverage. We will send you a separate email now.

  65. Derek 04/30/2013 at 9:05 pm

    I was curious if my premiums would be higher as a firefighter compared to the average low risk occupation?

  66. LSM Insurance 05/01/2013 at 11:40 am

    Thanks for the note Derek. All things being equal firefighters do not pay a higher rate than other occupations.

    We will be in touch by email.

  67. Thomas 05/03/2013 at 8:40 am

    What happened to Union of Canad?

  68. LSM Insurance 05/03/2013 at 11:01 am

    The Ontario Superior Court of Justice ordered the winding-up of Union of Canada Life, finding that the company had insufficient capital to ensure long-term viability. The court has named Grant Thornton Limited as liquidator. You can find out more details link to and link to

  69. Tic 05/13/2013 at 8:11 pm

    Hi… I am inquiring about the differences between the different insurance companies? For example, if I want a 200K UL. I am a 32yo female nonsmoker. What is the difference between the different options?

  70. LSM Insurance 05/14/2013 at 8:18 am

    The differences can be significant, especially if you are looking for a level cost Universal Life plan. Many companies have exited this market.

  71. Ron C 05/17/2013 at 5:55 am

    I am looking for a list of the companies that still offer Term 100 in Canada. I want a simple plan with out all the bells and whistles just guaranteed premium, no cash etc.

  72. LSM Insurance 05/17/2013 at 6:19 am

    Hi Ron, The number of Term 100 providers is shrinking. But Manulife, BMO, SSQ and Industrial Alliance still offer Term 100 plans. As do smaller carriers like La Capitale and Western Life.

    The premiums depend on your age, smoking status and the amount of coverage. We will send a separate email now.

  73. lorraine Javet 05/21/2013 at 4:44 pm


    The Mutual Life Assurance Company of Canada is now which insurance company?

    thank you

  74. LSM Insurance 05/21/2013 at 4:58 pm

    Thanks for the note. Mutual Life became Clarica which was purchased by Sun Life.

  75. Layton 06/04/2013 at 8:21 am

    How exactly does the Bingham Group Services plan work and who pays out the claim?

  76. LSM Insurance 06/04/2013 at 8:34 am

    The Mortgage Life and Disability Insurance Products offered by BGS are Underwritten by Foresters Life Insurance Their plans offer Life and Disability Creditor Protection up to $500,000 of life to applicants 18 to 69 and $3,000 a month of Total Disability Protection to applicants 18 to 64 with No Health Questions and No Medical Tests.

  77. Mr. Intro 06/07/2013 at 3:31 pm

    I am looking for a group plan for 10 employees. We have a packaging company and no benefits. Mainly interested in Health and Dental

  78. Naveed Saeed 06/08/2013 at 10:06 am

    I want to join your sales team I have 2 years successful experience in EFU life insurance company but my experience certificate has been misplaced. 8 years experience in Citibank dsa as a marketing team manager.If you give me a chance to work for your company, I shall put my maxumum efforts to increase your business.


  79. LSM Insurance 06/08/2013 at 2:31 pm
  80. LSM Insurance 06/08/2013 at 2:36 pm

    Thanks for the note. The premiums are influenced by a few variables. We will be in touch by email very soon to help with a quote.

  81. Jordie S 06/21/2013 at 1:32 pm

    Do you have a phone number for Canada Protection Plan my brother passed away and I need to contact them. Thanks

  82. LSM Insurance 06/21/2013 at 2:02 pm

    Very sorry to hear that. There phone is 416-4476060 link to

  83. Jenna 07/02/2013 at 12:55 pm

    Do you know what the elimination period on my Canada Life disability plan means

  84. LSM Insurance 07/02/2013 at 3:57 pm

    The elimination period refers to how long you must wait for your disability insurance benefit to kick in.

  85. Solomon 07/08/2013 at 11:17 am

    Is it true that an insurance company can change or restrict your beneficiary under a current insurance policy you have and are paying for? Thanks.

  86. LSM Insurance 07/08/2013 at 11:40 am

    An insurance company can not change the beneficiary without the policy owner’s authorization.

  87. Insurance Direct 07/08/2013 at 12:55 pm

    Just wondering if insurance policies have any restrictions on travel, residency. IE, do I have to live in Canada for a certain amount of a year, or are there no restrictions.

  88. LSM Insurance 07/08/2013 at 3:47 pm

    It would depend on the policy. If you did a lot of dangerous travel, the insurance company may exclude travel to those regions

  89. Hazel 07/23/2013 at 3:50 pm

    I would like to change my address?

  90. LSM Insurance 07/23/2013 at 3:56 pm

    Thanks Hazel. If you click on the insurance companies name this take you to a page with their contact details. You can contact them and change your address.

  91. TW 08/09/2013 at 12:27 pm

    How can I get details on my Guaranteed Life Plus plan

  92. LSM Insurance 08/09/2013 at 12:29 pm

    Thanks for the note. You can call BMO Insurance for details at 1-800-387-9855.

  93. Pete 08/29/2013 at 8:41 pm

    What factors go into ranking different insurance companies?

  94. LSM Insurance 08/30/2013 at 8:27 am

    In term of stability. Their assets, the types of assets, the amount of liabilities outstanding in relationship to those assets.

  95. Steven S 09/03/2013 at 8:38 am

    What does it mean when my fathers policy has an irrevocable beneficary it still has my step mom on there. How can we get this changed

  96. LSM Insurance 09/03/2013 at 9:21 am

    Thanks Steven – an irrevocable beneficiary means that both the policy owner and beneficiary must sign off on any changes to the policy.

  97. CLAIRE 09/04/2013 at 9:06 pm


    How will I know that the insurance company will pay out the coverage amount once I die? Will they try to obstruct the pay out, or find a reason not to pay it out?


  98. LSM Insurance 09/05/2013 at 8:33 am

    Thanks Claire. Assuming your application questions where answered accurately and you do not die from an excluded death, suicide in the first 2 years or depending on the policy one of the the listed exclusions the policy will pay out.

    Having said that policies under 2 years or larger claims often take longer for the insurance company to process. A good broker can make sure all requirements are filled and can hasten the claim process.

  99. Linda 09/07/2013 at 8:01 pm

    I would like to file a claim on a Foresters life insurance policy.

  100. LSM Insurance 09/07/2013 at 8:02 pm

    Hi Linda, Foresters contact details are below.

    Foresters of Canada
    789 Don Mills Rd.
    Toronto, ON
    M3C 1T9

    Foresters Life
    1660 Tech Avenue, Suite 3,
    Mississauga, Ontario, Canada
    L4W 5S8

    Toll Free: 1-800-267-8777
    Phone: 905-219-8000

  101. Inquirer 09/21/2013 at 3:47 pm

    So, it’s only the first couple of years you have a policy. Not the entire policy?

  102. LSM Insurance 09/21/2013 at 4:45 pm

    I’m not sure what you are referring to. If you clarify we are happy to answer you question.

  103. Rez 10/04/2013 at 5:45 pm

    I got rated on my life insurance because of speeding tickets this makes no sense. I talked to the … agent and he I could re-apply after some of them are off my record. My car insurance went up but what does this have to do with life insurance. Could they have made a mistake and it went to the wrong department.

  104. LSM Insurance 10/04/2013 at 6:34 pm

    Hi Rez, Generally speaking one or two speeding tickets would have no impact on your life insurance premiums. But multiple tickets, reckless driving etc and the insurance company may deem this as a hazardous lifestyle which impacts risk. Keep in mind each insurance company has it’s own underwriting criteria.

  105. Mark 10/20/2013 at 10:42 pm

    Hello my mom died and she have a life insurance name: The National Life Assurance Company of Canada. I am looking everywhere and can not find this company. Can someone please help me.

  106. LSM Insurance 10/21/2013 at 8:24 am

    Hi Mark,

    Sorry to hear that – National Life was acquired by Industrial Alliance link to

    Regards, LSM

  107. Rob R 10/22/2013 at 9:39 am

    My mother is 93 years old and has two insurance policies with Mutual Life Assurance Company of Canada Can you please let me know whom we can contact to discuss the status of these policies. One goes back to 1942 and the other to 1962
    Best regards
    Rob R

  108. LSM Insurance 10/22/2013 at 2:05 pm

    Thanks for the note Rob. Mutual Life demutalized an became Clarica which was purchased by Sun Life. Their website is here link to

  109. Horace 10/27/2013 at 10:54 am

    Can I change the beneficary on my life insurance without the benficiary knowing.

  110. LSM Insurance 10/27/2013 at 11:23 am

    If it is an Revocable beneficiary and not an irrevocable beneficiary you can change the beneficiary without their authorization or consent. Regards,

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  112. sash 01/20/2014 at 3:19 pm

    Please let me rate $1,000,000Term ins age 36 male non smocker.

  113. LSM Insurance 01/21/2014 at 4:43 pm

    Thanks Sash. It would depend on your age nearest age and the length of the term.

  114. Giselle 05/18/2014 at 7:30 pm

    Does anyone know if Great West Life verifies if someone graduated from school?

  115. LSM Insurance 05/19/2014 at 9:17 am

    I would think they would do periodic checks on this type of thing

  116. Olivia 06/03/2014 at 8:16 am

    How long do I need to be a non smoker witth BMO to change to a non smoker rates. I’m off cigarettes and use a tobacco free e cigarette now. What form should |I complete

  117. LSM Insurance 06/03/2014 at 8:54 am

    Thanks Olivia. In order to get non smoker rates you have to be tobacco free for 12 months. Unfortunately insurance carriers view e-cigarette users as smokers even the tobacco free version. We actually did an article on the topic see link to

  118. Vicki 08/06/2014 at 8:56 pm

    Good article that list of Canadian Life Insurance Companies. Thanks for this list!

  119. LSM Insurance 08/07/2014 at 7:53 am

    Thanks for the note Vicki. Much appreciated.

  120. Tenaw 08/22/2014 at 10:47 pm

    Where does the American income life insurance falls amongst these companies?

  121. LSM Insurance 08/23/2014 at 12:42 pm

    Thanks we will look into adding a page for them. Here is a link to their website link to

  122. Joseph 08/27/2014 at 10:21 pm

    Which company will insure a senior over 82

  123. LSM Insurance 08/28/2014 at 8:08 am

    Thanks Joseph,

    It depends on the plan. Several companies insure applicants over 80 including Assumption Life, Industrial Alliance and Assumption Life.

  124. Harry 11/17/2014 at 6:42 pm

    Do any life insurance companies offer a 45 year term? I’m 48 but my grandparents lived to over 90. I don’t smoke and I’m in good health

  125. LSM Insurance 11/17/2014 at 7:50 pm

    Thanks for the note there are no companies that would offer a 45 year term but you could do a term 100 plan which gives you level premiums to age 100 and coverage for life. I will email you with more specifics.

  126. Jean clayton 11/18/2016 at 1:54 pm

    I have several policies with the name of Mutual Life Of Canada What is the name change. Not sure if these policies have been cashed in.

  127. LSM Insurance 11/18/2016 at 6:39 pm

    Mutual Life became Clarica and was subsequently purchased by Sun Life. You can contact them and they should be verify if the policies are still active.

  128. Carole Villeneuve 07/17/2017 at 9:27 am

    I kave total dividends in the amount of $662.12 and looking to make a loan of $5000.00
    Is this possible? my policy numbers are 86223517 & 49924008

    Please let me know.

    Thank you!!!

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