*Union-Vie (UL Mutual) administers the Canadian policies for ACA. All other ACA Canadian operations have been suspended.
Chairman: Jacques Desbiens
AM Best Rating: Not Rated
Total Assets: $1.717 billion
Net Income: $16.4 million
Net Premiums Written: $89.3 million
FSR Outlook: n/a
Best’s Issuer Credit Rating: Not Rated
ICR Outlook: n/a
As of Date: n/a
Organization Type: Mutual
Specialty Lines of Business: Life Insurance
Marketing Type: n/a
Union-Vie Compagnie Mutuelle (UL Mutual)
142, rue Heriot C.P. 696
Toll Free: 1-866-441-7224/1-800-567-0988
Email Address: [email protected]
*Information courtesy of the AM Best Key Ratings Guide 2013
ACA Assurance, similar to other Canadian life insurance companies, offers numerous products targeting clients with various insurance needs.
Though LSM Insurance is not directly affiliated to this insurer, our experienced life insurance brokers have access to products and quotes of over 20 Canadian insurers similar to the ones provided by ACA Assurance such as term life insurance quote, whole life insurance quote, universal life insurance quote, disability insurance quote, critical illness insurance quote, no medical life insurance quote, long-term care insurance quote, group benefits and others.
ACA Assurance, also known as the Association Canado-Américaine, is the only Franco-American fraternal benefit society of its kind. It offers a variety of insurance products to its members. ACA Assurance’s own travel agency organizes trips, social and cultural activities for members, awards scholarships, and publishes its own monthly magazine, Le Canado-Américain. Members of ACA Assurance usually live in North America, and are mostly concentrated in New Brunswick, Ontario, New England, Québec, and Louisiana. These are the regions where ACA is licensed to operate.
Its products include whole life and term life insurance, accidental death and dismemberment, travel insurance and more. Basic membership in ACA Assurance is only $25 per year. In return, members receive cultural benefits and a family accident cash plan, paying up to $10,000.
One of ACA’s most interesting product is Guaranteed Life. It is a permanent whole life insurance plan for anyone aged 40 to 85 with difficulty obtaining insurance elsewhere; there are no health questions asked and no medical exam required.
They also offer Term 28 life insurance, an ideal protection for children, students and young workers. This insurance is payable until, and expires on, the insured person’s 28th birthday.