ScotiaLife Financial

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President & CEO: Oscar Zimmerman

AM Best Rating: Not Rated

Total Assets: $89.5 million

Net Income: $30.6 million

Net Premiums Written: $45.1 million

Financial Size Category: n/a

FSR Outlook: n/a

Best’s Issuer Credit Rating: n/a

ICR Outlook: n/a

As of Date: n/a

Organization Type: Stock

Specialty Lines of Business: Term Life Insurance

Marketing Type: n/a


ScotiaLife Financial
44 King St. W
Toronto, Ontario
M5H 1H1

Phone: 416-866-7075
Fax: N/A

LSM Insurance is NOT affiliated with ScotiaLife Financial and is not authorized to sell its products

*Information courtesy of AM Best Key Ratings Guide 2013. 

About ScotiaLife Financial Insurance Products

ScotiaLife Financial is a subsidiary of Scotia Bank specializing in insurance products. ScotiaLife is the outlet for Scotia Life Insurance Company, the underwriter of ScotiaLife’s policies.

The portfolio of ScotiaLife includes life insurance, health insurance, home and auto insurance, travel insurance and even creditor insurance.  There are two life insurance products, namely ScotiaLife Term Insurance and ScotiaLife Accidental Death Insurance.

Term Insurance

The term insurance plans can be taken out for one, ten or twenty years. 

The maximum coverage for the term plans is $250,000 and the minimum is $25,000. There are $25,000 increments.  The 1-year term plan is an exception here; it can cover you for up to $1 million. One person cannot be insured for more than $500,000 at ScotiaLife, even if he or she combines multiple plans.

Accidental Death Insurance

ScotiaLife’s accidental death policies offers coverage up to $350,000 and is available for couples as well. Client’s spouse may be eligible for halved rates if he or she signs a contract in addition to the primary one.

Applicants should keep in mind that ScotiaLife decreases the benefit amount at age 75 and revokes coverage at the age of 80. As usual, ScotiaLife excludes all kinds of accidental deaths happening under the influence of drugs or alcohol (unless prescribed) and will refuse to pay out if death occurred at war or during an “aerial activity” other than a commercial flight. Neither will one be covered if hurt while committing a crime.

ScotiaLife Financial Insurance News

LSM Insurance is an independent Life Insurance Brokerage and is Not Directly Affiliated to ScotiaLife Financial.

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1 year stock chart for The Bank of Nova Scotia

The above stock charts are for the parent company The Bank of Nova Scotia, of which ScotiaLife Financial is a subsidiary. These stock charts are for informational use only and are meant to reflect the current financial well-being of the parent company.


  1. Lily 04/14/2013 at 11:29 am

    I want to cancel my insurance policy number ….

    I can not afford the payments. Sincerely ,Lily …

  2. Terri B 06/18/2013 at 6:20 pm

    I have accidental life insurance with you and would like it cancelled

  3. LSM Insurance 06/18/2013 at 6:48 pm

    Thanks Terri. You have to contact Scotia Life directly.

    ScotiaLife Financial
    100 Yonge Street, Suite 400
    Toronto, Ontario
    M5H 1H1

    Phone: 416-866-7075

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Head Office: 2900 John Street Suite #302 Markham, L3R 5G3
Office 1-866-899-4849, 905.248.4849 Fax 905.300.4848

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