Assumption Life

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President: André Vincent

AM Best Rating: A- (Excellent) 

Total Assets: $1.28 billion

Net Income: $4.55 million

Net Premiums Written: $91.64 million

Financial Size Category: VII ($50 million to $100 million)

FSR Outlook: Stable

Best’s Credit Issuer Credit Rating: a-

ICR Outlook: Stable

As of Date: 02/27/13

Organization Type: Mutual

Specialty Lines of Business: Group Life Insurance, Individual Annuities, Individual Life Insurance

Marketing Type: Broker

*Information Courtesy of AM Best Key Ratings Guide 2013

Address:

Assumption Life
770 Main Street
P.O. Box 160
Moncton, New Brunswick
E1C 8L1

Toll Free: 1-800-455-7337
Phone: 506-853-6040
Fax: 506-853-5428

Web Address: www.assumption.ca
Email Address:

* Info courtesy of AM Best’s Website 2011

* Assets expressed in thousands of dollars

Assumption Life 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 Assumption Life such as term life insurance quotewhole life insurance quoteuniversal life insurance quotedisability insurance quotecritical illness insurance quoteno medical life insurance quotelong-term care insurance quotegroup benefits and others.

Assumption Life has indisputably become one of Atlantic Canada’s major insurance and financial investment companies, with more than 75,000 policies in force. It was ranked 33rd out of Atlantic Canada’s top 101 companies.

Assumption Life offers a wide range of products, including individual life insurance, group insurance (life, health, dental, disability), critical illness, travel insurances, mortgage loans, financial services, annuities and segregate funds. Louisbourg Investments is an investment management and financial planning arm aimed at institutions, companies and individual portfolio holders, managing pension plans and pooled funds tailored to individual needs.

One of Assumption Life’s specialty products is Golden Protection life insurance, designed for people between the ages of 40 to 80. It can be obtained without medical examination; the insurance amount triples in the case of accidental death on public transport, and doubles in the case of accidental death. There is even competitive rates for smokers.

The company also has a real estate management arm, Assumption Place Ltd, which operates rental space in New Brunswick. Their holdings include Commerce Houses in Moncton and Château Edmondson. Furthermore, if in need of office space, Carrefour Assomption in Edmundston is home to many business, with an ultramodern conference centre.

The company’s community involvement is impressive, including the Assumption Foundation Scholarship Fund, support of breast cancer research in partnership with the Atlantic Cancer Research Institute, investing in the community through donations and sponsorships (particularly in education and health), and holding the Bobby Orr golf tournament. The company and its employees donate to the Tree of Hope, a non-profit foundation that offers emergency assistance to families who had experienced sudden tragic losses. The company also publishes a quarterly newsletter, The Confident Times. Their head office is located in Moncton, New Brunswick.

Assumption Life News

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$100,000 MALE 68 NON SMOKER NO MEDICAL TERM $100.000 FEMALE 60 NON SMOKER NO MEDICAL TERM $100,000 MALE 18 NON SMOKER NO MEDICAL TERM

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Ian Spicer

Do you hire LPN’s, I graduate from nusing school in june and am looking for insurance work.

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Jennifer

I bought a 20 Pay policy with Empire Life and would like to look at a second plan.