Standard Life Health Insurance

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Standard Life Health Insurance Overview

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Standard Life was founded in Edinburgh, Scotland in 1825, however, it made its way into the Canadian marketplace in 1833 and operates as an investment, retirement and financial protection company. At the present, it employs more than 2,000 people throughout Canada and is headquartered in Montreal Quebec. As of December 31, 2013, Standard Life had about $48 billion CDN in assets under management and provided financial services and products to more than 1.4 million individuals. The Canadian operations of Standard Life were acquired by Manulife on January 30, 2015. Furthermore, on July 1, 2015, the policies and plans of Standard Life were assumed by Manulife.

Get the Perfect Standard Life Health Insurance Plan for You

Standard Life basically offers two health and dental plans for individuals. The plan you opt for should depend on what matters most to you. The health plans include:

  • Flexcare Health and Dental Plan
  • This popular plan is a flexible product that protects you against unexpected medical and dental expenses. It is designed for individuals and families with additional coverage for those aged 65+.
  • FollowMe Health and Dental Plan
  • This popular plan is created to protect Canadian like you when your employee benefits end. It offers guaranteed acceptance and special rates for couples and families with three or more children.

What Does Standard Life Group Benefit Cover?

Being a part of Manulife, Standard Life offers group benefits designed for small and large businesses.

The group plans available to small businesses include drug coverage, accidental death and dismemberment insurance, dental care, health coverage, emergency travel assistance, personal life and critical illness insurance, and so forth.

Larger businesses can take advantage of life insurance, critical illness insurance, accident protection, travel insurance, drug plan and so forth.

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Standard Life Health Insurance News

Manulife, the parent company of Standard Life Assurance, is currently facing a backlash from its investors due to its failure to uncover details about an ongoing court case after the report detailing the litigation was released by a short-seller. Since October 15, 2018,

Manulife stock dropped by a whopping 11.5% after the incident was made known by Muddy Water. Documents submitted to the court show that the case against Manulife was filed about two years ago on November 23, 2016, by Mosten Investment LP managed by Michael Hawkins, an Ontario businessman.

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