Canada Life is the most-long standing life insurance company in Canadian history and boasts excellent service combined with competitive insurance options.
Canada Life, a subsidiary of The Great-West Life Assurance Company, offers its customers a variety of insurance and investment products for both groups and individuals. One of Canada Life’s most interesting products is Participating Life, insurance which combines life insurance protection with a tax-advantaged investment component; as long as premiums are paid it guarantees a high level of protection throughout one’s whole life.
The company also offers term life and universal life protection. Their Universal Life plan has multiple cost of insurance (COI) options, including increasing, level and limited pay COI. Canada Life is a leading provider of health insurance solutions, including a wide variety of critical illness and disability insurance solutions.
Canada Life is the leading provider of Credit Insurances where customers can insure their mortgages and loans throughout a number of products tailored to their individual needs.
Note: As of Jan 01, 2020, The Canada Life Assurance Company, London Life Insurance Company, and the Great-West Life Assurance Company became one company – The Canada Life Assurance Company.