Canadian Life Insurance Companies Blog

Critical illness insurance is a living benefits policy that pays a benefit to the person who owns the policy, as opposed to their beneficiaries. This is insurance that provides owners with a lump sum of money if they experience a critical illness that is covered under their critical illness policy.  Common covered illnesses are heart…

Here is a guide I put together for my clients to help in understanding and purchasing disability insurance.  If you would like an individual quote for disability insurance using your information, please fill out and submit the short form here. Disability Insurance is referred to as a Living Benefit policy because it is something that…

Life Insurance is an economical way to financially protect your family from not having enough time to complete your plans.  It is part of an overall strategy of Financial Planning (video).   Life insurance can replace the income you would have earned to your family in case of an early death. The buying of life insurance…

Long Care Term Insurance is designed to help pay for the care that people may need as they get older, especially after retirement.  Many disability policies now have the feature that after a certain age, the disability benefit can be converted to a long term care benefit, determined by the policy. The cost of long…

Industrial Alliance, Canada’s fourth-largest life and health insurance company, purchased iA Excellence in 2008. This was a Montreal-based life insurance company that had been around since 1962. After the Group management announced the merger of Industrial Alliance and IA Excellence into a single entity, IA Financial Group, the logical conclusion to this strategic acquisition was…

Over its long history, Ivari (formerly Transamerica) has helped millions of Canadians make informed financial and insurance decisions. It has approximately 18,000 representatives in Canada today who strive to offer innovative, customized and affordable solutions. Transamerica Life Canada changed its title to Ivari in 2015. Wilton Re, owned by its management and CPPIB – Canadian…

Manulife Financial Canada is one of the leading financial services providers in the country. As a result, they are always looking for ways to innovate, improve and stay ahead of their competition. In this article, we will be taking a look at Manulife Financial Canada’s plans for 2023 and exploring what’s new. From changes to…

You might wonder whether premiums for life insurance are tax-deductible when you file your taxes. Sorry, there is no one-word answer. The most useful 2-word answer is “Usually – No”. Are Life Insurance Premiums Tax-deductible? Canada’s Income Tax Act, (ITA) allows for the deduction of insurance premiums. However, this complicated maze of rules is applicable…

  RBC Life Insurance continues to be one of the leading providers of life insurance and disability insurance in Canada. With a history dating back over 160 years, this well-established financial institution has long been trusted by Canadians for their insurance needs. RBC Life Insurance Canada provides customers with an extensive range of products and…

It is 2023, and the world of Canadian life insurance has evolved in ways that were unimaginable only a few years ago. Not so long ago, Canadians who wanted to buy life insurance had only limited options; now they have access to an array of innovative products designed with their specific needs in mind. With…

Merger of Excellence Life Insurance Company and Industrial Alliance Insurance and Financial Services Inc   QUEBEC CITY, Sept. 25, 2019 /CNW Telbec/ – iA Financial Group today announces the merger of two companies of its group: Excellence Life Insurance Company (hereinafter “Excellence”) and Industrial Alliance Insurance and Financial Services Inc. (hereinafter “iA Insurance”). Subject to regulatory approval, the…

Sept 14, 2021 Equitable Life Insurance Company of Canada made changes to its executive team on Tuesday. Donna Carbell has been hired as senior vice-president of individual insurance with Equitable Life, while Tara Proper has been promoted to senior vice-president of investments. They replace Karen Mason and Paul English, respectively, who are retiring at the…

RATING ACTION COMMENTARY Fitch Affirms Wilton Re’s Ratings; Outlook Stable Wed 11 Aug, 2021 – 9:58 AM ET Fitch Ratings – New York – 11 Aug 2021: Fitch Ratings has affirmed the ‘A+’ (Strong) Insurer Financial Strength (IFS) ratings of Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited (WREB), Wilton Re Overseas Limited, Wilton Reassurance Life…

What Does a Funeral or Cremation Cost in Canada? Everyone has a point in their lives when they have to face the topic of death. It is not something that anyone likes to think about, let alone talk about with their families. However, putting off crucial decisions about final arrangements will only make it more…