Who is Canada Life Insurance Company?
Canada Life, one of the country’s largest life insurers, is a member of the Power Financial Corporation group of companies which also includes the Great-West Life Assurance Company. With $396 billion in assets and a financial strength rating of A+ from A.M. Best, Canada Life is one of the most stable life insurers in the country.
What is the best type of life insurance in Canada?
Term life insurance remains to be the most popular type of life insurance in Canada, with a majority of insured individuals owning a term life insurance policy. It is the most affordable insurance protection in the market and it is designed to do one thing only: protect your loved ones.
Who buys life insurance policies?
Companies who buy life insurance policies are often small brokerages. It’s a good idea to get more than one offer, and a broker can facilitate communication between life expectancy underwriters, insurance companies, and investors to make sure the transaction goes smoothly for the policy owner.