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
Address:
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
- 10/17/2010
ScotiaLife Financial’s Critical Illness Insurance
- 10/16/2010
ScotiaLife Financial Term 10 Insurance
- 09/06/2010
ScotiaLife Financial’s Term One Insurance
Posted by Chantal Marr.
Chantal Marr is a member of the Independent Financial Brokers of Canada.
Much of her success stems from her ability to listen to her clients' needs.
Read Chantal's background.
LSM Insurance is an independent Life Insurance Brokerage and is Not Directly Affiliated to ScotiaLife Financial.
Posted by Chantal Marr.
Chantal Marr is a member of the Independent Financial Brokers of Canada.
Much of her success stems from her ability to listen to her clients' needs.
Read Chantal's background.
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.
Posted by Chantal Marr.
Chantal Marr is a member of the Independent Financial Brokers of Canada.
Much of her success stems from her ability to listen to her clients' needs.
Read Chantal's background.
Direct line: 416.273.7811, 905.248.4849 Email:
I want to cancel my insurance policy number ….
I can not afford the payments. Sincerely ,Lily …
I have accidental life insurance with you and would like it cancelled
Thanks Terri. You have to contact Scotia Life directly.
ScotiaLife Financial
100 Yonge Street, Suite 400
Toronto, Ontario
M5H 1H1
Phone: 416-866-7075