Great-West Life Assurance Company

Top 10 Canadian Life Insurance Companies 2014

Last year, based on findings from Financial Post Business Magazine in June 2014, LSM Insurance is releasing its list of The Top 10 Life Insurance Companies for 2014. Not much has changed from last year. Great West-Life Co. still has the top spot, followed by Manulife Financial, Sun Life, and Industrial Alliance in the top...
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What is Right About The Life Insurance Industry

The life insurance industry looks bright. The potential that a man first saw in an untapped colony is now a fundamental part of many Canadians' financial planning. Canadian life insurance, which promises security and stability...
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The Top 5 Life Insurance Company Acquisitions

  With the Sept. 3, 2014, announcement that Manulife Financial has acquired the Canadian business of competitor Standard Life for $4 billion, we couldn’t help but look back at the other mergers and acquisitions that have occurred in the insurance industry over the years, starting with this latest one.
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Entrepreneur Nearly Loses Everything to Illness

Patricia Brooks is back in business thanks to a miracle drug. Patricia Brooks, 58, has worked for herself for over 25 years, which means no sick days, no employment insurance. Pat could’ve bought critical illness insurance in 2008 when her LSM Insurance broker offered to sell it to her, but thanks to a price she...
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Group Insurance in Canada: Top 6 Carriers

Canada’s top group insurance providers can help your employees. Statistics Canada says that almost three-quarters of all Canadian workers (74 per cent) have access to at least one non-wage benefit. Health benefits plans are the most common type of non-wage benefit in Canada. Fifty-nine percent of workers have life and disability insurance, 56 per cent...
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Canadian Traditional Issue Health Insurance Plans: A Snapshot Comparison

It can be difficult to decide which health insurance plan to go with, especially when there are so many features, advantages, and drawbacks to sift through. Thankfully, LSM Insurance is here to break it all down for you so you don’t have to. Manulife — Flexcare • You can choose either a core plan or...
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Group Insurance Stats in Canada

Did you know that sold the first group insurance policy in Canada in 1946 to Collège de Lévis? Currently, there are just over 2.4 million businesses operating across Canada, and according to Statistics Canada, 74 per cent of these businesses offer at least one non-wage benefit to their employees. Benefits Canada’s Group Insurance Survey 2012 showed that...
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Term Life Insurance: Which Companies Offer Preferred Rates?

Preferred rates are offered to individuals who are in very good health who have exemplary family health history. Preferred rates can lower insurance premiums by up to 35 per cent. You can find more details on whether you are likely to qualify for preferred rates here. The following is a listing of the leading life insurance...
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The Top 20 Life Insurance Companies 2012

There are many life insurers in Canada, but only those with the highest revenue, premium income, profits and asset value make the Top 20 in the country. According to the June 2012 issue of Financial Post Business Magazine, number 20 is Penncorp Life Insurance Company. Penncorp specializes in disability insurance for Canada’s blue and grey...
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Great-West Life’s Group Critical Illness Policy

Great-West Life offers a group critical illness plan. The plan comes with a minimum of three lives. The plan features the following perks: Basic coverage for employees range from $10,000 to $250,000 and the optional amount ranges from $10,000 to $250,000. The coverage amount for spouses is a basic $10,000 with an optional range of...
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