President & CEO: Yvon Charest
AM Best Rating: A (Excellent)
Assets: $39.4 billion
Net Income: $342 million
Net Premiums Written: $3 billion
Financial Size Category: XV ($2 billion or greater)
FSR Outlook: Stable
Best’s Issuer Credit Rating: a+
ICR Outlook: Stable
As of Date: 02/26/13
Organization Type: Stock
Specialty Lines of Business: Individual Life Insurance, Individual Annuities, Group Pension
Marketing Type: Independent Agency Broker
Industrial – Alliance Life Insurance
1080 Grande Allée West
PO Box 1907
Quebec City, Quebec
Toll Free: 1-800-463-6236
* Info courtesy of AM Best Key Ratings Guide 2013
Industrial Alliance Life Insurance, 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 Industrial Alliance Life Insurance 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.
Industrial Alliance Insurance and Financial Services Inc. is among the 100 largest companies in Canada, and is listed on the Toronto Stock Exchange (AIG). The company was founded in 1892, and has a long history of providing insurance products and financial services.
They offer a wide range of insurance and financial products, to both individuals and companies of all sizes. The company has more than three million customers across Canada.
For individuals, there is a whole range of products, including traditional insurance products, mortgage insurance, illness and long-term disability insurance, and accident insurance for adults and children. One of the products, the Peek-a-Boo, is specially designed for newborn babies residing in Canada and protects against any unexpected accidents. It comes free of charge for the first year, therefore parents are not burdened with any initial cost.
Regarding companies and organizations, Industrial Alliance has many insurance solutions to cover employees or groups in any sector, including school classes and sport teams. Their product Accigroup provides group coverage during activities (excluding travelling), while Accigroup Plus offers continuous worldwide coverage for the insured members during their trip or activities.
The company’s latest product is Ecoflextra which was launched in December 2007. This unique product is offered to individuals who are looking for retirement income protection combined with growth potential. It protects against market changes and allows clients to fully recover their investment.