Canada Life Financial Corporation is a Canadian company that offers life, health, and disability insurance for groups and individuals. Founded in 1847 and headquartered in Toronto, Canada. It was acquired by The Great-West Life Assurance Company in 2003.
Canada Life Insurance Company is one of the most well-established players in the Canadian financial services industry and also considered as one of the best life insurance plans provider in Canada.
With a range of financial and insurance products varying from life insurance, health to creditor’s insurance, Canada Life Insurance Company carries a solid selection of products.
Canada Life Insurance’s Term Life policy is the affordable policy coverage many Canadians are looking for. With terms of coverage between 10 and 20 years, this plan also offers the guaranteed-rate premiums and the possibility of converting the policy to a permanent life insurance plan.
With two plans under this policy, Canada Life offers a policyholder the assistance of meeting one’s financial needs in the event that they become disabled.
Canada Life’s Permanent Life insurance policies offer a lifetime of insurance coverage with one of Canada’s leading insurance companies. With one of the two Permanent Life policies, a policy holder can comfortably build cash value and wealth with investments that match up with their individual risk tolerances.
Coverage for the possibility of replacing income in the event of a disability – this policy ensures that financial support is there when you need it most. Canada Life’s LifeAdvance policy covers 24 critical illnesses for adults. Child LifeAdvance is an insurance policy for children, including 5 childhood illnesses.