Securian Canada: Overview
Securian Canada is a new brand of the Canadian Premier Life Insurance Company and the Canadian Premier General Insurance Company. The rebranding occurred after Securian Canada acquired Sun Life’s Sponsored Markets business, including its association, affinity, and group creditor components, in 2023.
The parent company of Securian Canada is Securian Financial, located in the U.S.
Securian’s Individual products
Securian offers Canadians a relatively simple yet robust set of products, which includes:
- Creditor insurance
- Life insurance including supplemental insurance plans: e.g. for Canadians over 50 yeas of age and Simplified Issue Term Life
- Accident insurance
- Critical illness & sickness insurance
Securian’s business products
Securian offers a broad range of protection products for various industries to enhance the offerings of its business clients. The primary industries served by Securian Canada are:
- Financial institutions (e.g. credit card protection, mortgage and loan protection, life, accident & sickness solutions for customers of financial institutions)
- Retailers (e.g. credit protection, supplemental life and accident and sickness products)
- Finance companies (e.g. insurance for personal, line of credit and auto loans)
- Association and affinity groups (e.g. Life insurance, Disability Insurance, Critical Illness, Accidental Death and Dismemberment Insurance, Professional Overhead Expense Insurance, Extended Health Care & Dental, Provincial Health Replacement)
Securian Canada and Canadian Automobile Association (CAA)
Securian Canada has collaborated with the Canadian Automobile Association (CAA) to offer a variety of redesigned life, health, and dental insurance coverage to CAA’s extensive member network, comprising more than 7,000,000 individuals across the country.
Interested to see how Securian Canada rates compare with others?
