List of Canadian Life Insurance Companies

  •  
  •  
  •  
  •  
  •  
  •  

There are numerous life insurance companies that are currently active in Canada. Below you will find a list of companies with links that you can click to find out more about each one.

In 2018, the following three life insurance companies were the largest ones in Canada: Manulife Financial (includes the brands: Standard Life, Maritime Life, and John Hancock in the U.S.), Sun Life Financial, and Great West Life Assurance Company (includes the brands: Canada Life and London Life).

Most life insurance companies offer a broad range of insurance products, including: term life insurance, whole life insurance, disability insurance, critical illness insurance, long-term care insurance, no medical life insurance, group insurance, and many more.

 

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 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 Insurance
    Get an RBC Life Insurance quote and compare it with other providers. See our expert’s perspective on this life insurance company and its products. 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

B Guyle
B Guyle

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… Read more »

Sandra
Sandra

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

Caroline
Caroline

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.

Syed Raza
Syed Raza

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.

Thanks

gabriel
gabriel

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!

mj
mj

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

Colin
Colin

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

ken
ken

Very interesting and helpful!

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

Denise
Denise

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..

Natasha
Natasha

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!

Josh
Josh

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.

Jordan
Jordan

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?

Divine
Divine

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!

Ajay
Ajay

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

Alex
Alex

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

Steph
Steph

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

clara
clara

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

cynthia
cynthia

Does anyone know what happened to national Life Insurance company?

nikki
nikki

Hi,

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.
Thanks

James
James

Hi
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?
Thanks

Mrs. Syvia Lawson
Mrs. Syvia Lawson

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.

bill carnegie
bill carnegie

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 company..no luck.The company may have been taken over or sold or absorbed by another..i would like to by what company…tnanks

Bill
Bill

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.

wendy
wendy

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… Read more »

Rosemarie O'Brien
Rosemarie O'Brien

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!

Thanks.

Rosemarie

Prodyut Das
Prodyut Das

Hi,

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.
Thanks.

harold john armstrong
harold john armstrong

require update on old policy LF219679

harold john armstrong
harold john armstrong

looking up old policy1988 1989