health insurance companies in canada
Life and health insurance companies in Canada
Updated: February 03, 2011
According to the Canadian Life and Health Insurance Association there were 102 active life insurance companies operating in Canada in 2009. That's a lot of life insurance companies to choose from when, as a Canadian life insurance shopper, you are looking to buy a life insurance policy.
Thankfully, that's where Kanetix.ca can help. We've got some of Canada's top life and health insurance companies featured through the Kanetix.ca online quote comparison service. By entering your information just once, you can quickly and easily find cheap life insurance quotes that will fit your budget and your life insurance needs.
If you are looking for life insurance quotes for policy values ranging from $50,000 all the way up to $2 million then you can get quotes for Term 10 life insurance, (a 10-year policy), Term 20 life insurance (a 20-year policy), Term 30 life insurance (a 30-year policy) or Term to 100 life insurance (which provides you with life insurance coverage until you hit the ripe old age of 100 - essentially a type of permanent life insurance only without the cash value components).
Through Kanetix.ca's life insurance quote comparison service you can get quotes from the following leading life insurance companies in your city - whether it's life insurance Vancouver, life insurance Edmonton, life insurance Calgary, life insurance Toronto, life insurance Ottawa, or life insurance Halifax.
BMO Life Assurance Company
BMO Life Assurance Company is a member of BMO Financial Group. Currently through Kanetix.ca, you can get quotes from the BMO Life Assurance Company for each of the following life insurance products:
Term 10 life insurance policy which provides coverage for 10 years
Term 20 life insurance policy which provides coverage for 20 years
Term 30 life insurance policy which provides coverage for 30 years
Desjardins Financial Security
Desjardins Life Assurance was created in 1948. Then through mergers and acquisitions, Desjardins Life Assurance eventually became the Desjardins Financial Security it is today. The path to this destination includes in 1962, the acquisition of La Sauvegarde followed in 1989 of Laurier Life Insurance. Then in 1990, Desjardins Life Assurance and La Sauvegarde merged, followed by the acquisition of Les Coopérants in 1992. In 1994 the life and health insurance portfolio of the Laurentian Group and its subsidiary Imperial Life were integrated and it was shortly after in the same year when Desjardins Life Assurance becomes Desjardins-Laurentian Life Assurance. In 1995, Desjardins-Laurentian Life Assurance acquired Æterna-Life Insurance Company followed 5 years later in 2000 with the merger of Desjardins-Laurentian Life Assurance and the Laurentian Life and Health Insurance Corporation. Another merger followed in 2001 with Desjardins-Laurentian Life Assurance and Imperial Life. After all this activity, in 2002 Desjardins Financial Security was created. As recently as 2006, another acquisition has occurred of the Performa Financial Group.
Currently through Kanetix.ca, you can get quotes from Desjardins Financial Security for each of the following life insurance products:
Term 10 life insurance policy which provides coverage for 10 years
Term 20 life insurance policy providing coverage for up to 20 years
Canada Life Assurance Company
Also, known simply as Canada Life was founded in 1847. The Canada Life Assurance Company, along with London Life Insurance Company, are subsidiaries of The Great-West Life Assurance Company.
Currently through Kanetix.ca, you can get quotes from The Canada Life Assurance Company for each of the following life insurance products:
Term 10 life insurance policy which provides coverage for 10 years
Term 20 life insurance policy which provides coverage for 20 years
Equitable Life Insurance Company of Canada
Established in 1920, Equitable Life is an independent mutual life insurance company. Equitable Life Insurance Company of Canada, a mutual life insurance company was founded in Waterloo, Ontario but operates across Canada from British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Newfoundland Labrador, New Brunswick, Nova Scotia, and Prince Edward Island (PEI).
Currently through Kanetix.ca, you can get quotes from Equitable Life Insurance Company of Canada for each of the following life insurance products:
Term 10 life insurance policy which provides coverage for 10 years
Term 20 life insurance policy which provides coverage for 20 years
I A Pacific
I A Pacific, also known as Industrial Alliance Pacific, was formerly named North West Life. The parent company of Industrial Alliance Pacific is Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance). Industrial Alliance was formed as a result of a 1987 merger of Industrial, created in 1905, and Alliance, founded in 1892 (hence the name, Industrial Alliance).
In 1996 Industrial Alliance merged with The Solidarity, a life insurance company; then in 1999 Seaboard Life Insurance Company, of Vancouver, joined the Industrial Alliance Group. Now, The Solidarity, Seaboard Life and North West Life operate under the name Industrial-Alliance Pacific Life Insurance Company (Industrial Alliance Pacific).
Currently through Kanetix.ca, you can get quotes from the Industrial-Alliance Pacific Life Insurance Company for each of the following life insurance products:
Term 10 life insurance policy which provides coverage for 10 years
Term 20 life insurance policy which provides coverage for 20 years
Term 30 life insurance policy which provides coverage for 30 years
Term to 100 life insurance policy which is just like a permanent life insurance policy, only without the cash-value (which is what makes permanent life insurance policies so costly.)
RBC Insurance®
RBC Insurance is a subsidiary of the RBC Financial Group. RBC Insurance, which operates as part of the Canadian Banking segment of RBC Financial Group, is the largest Canadian bank-owned insurer.
Currently through Kanetix.ca, you can get quotes from RBC Insurance for each of the following life insurance products:
Term 10 life insurance policy which provides coverage for 10 years
Term 20 life insurance policy which provides coverage for 20 years
Term to 100 life insurance policy which is just like a permanent life insurance policy, only without the cash-value (which is what makes permanent life insurance policies so costly.)
Transamerica Life Canada
Transamerica Life Canada is a wholly-owned subsidiary of AEGON N.V., one of the largest insurance companies in the world. Since 1927, the Transamerica group of companies has provided Canadians with financial solutions including life insurance.
Currently through Kanetix.ca, you can get quotes from Transamerica Life Canada for each of the following life insurance products:
Term 10 life insurance policy which provides coverage for 10 years
Term 20 life insurance policy which provides coverage for 20 years
Term 30 life insurance policy which provides coverage for 30 years
Unity Life of Canada
Known originally as the Insurance Department of the Subsidiary High Court of the Ancient Order of Foresters (wow, what a long name) in 1898, the company changed its name in 1939 to Toronto Mutual Life Insurance Company after it was incorporated as a mutual life insurance company. In 2002, Unity Life of Canada was formed from an amalgamation of the Toronto Mutual Life Insurance Company and its subsidiary company, The Western Life Assurance Company.
Over the years there has been many acquisitions. To name just a few: The Prudential Insurance Company of America in 2006; Lincoln Heritage Life Insurance Company (Superior Life) in 2004; Liberty Life Assurance Company in 2002; Commercial Travelers Mutual Insurance Company in 1999; Mutual Life of New York in 1996; and The Western Life Assurance Company in 1991.
Currently through Kanetix.ca, you can get quotes from Unity Life of Canada for each of the following life insurance products:
Term 10 life insurance policy which provides coverage for 10 years
Term 20 life insurance policy which provides coverage for 20 years
Term 30 life insurance policy which provides coverage for 30 years
More about Canadian life insurance companies
With over 100 life insurance companies in Canada, shopping for life insurance can be confusing. Who do you go with? Who can give you the cheapest life insurance? Who is reputable and well known? There are a lot of life insurance companies to choose from when, as a Canadian life insurance shopper, you are looking to buy a life insurance policy.
Thankfully, that's where Kanetix.ca can help. Through Kanetix.ca's life insurance quote comparison service you can get quotes from the life insurance companies listed above for any of the following cities. Whether you are looking for Vancouver life insurance, Victoria life insurance, Edmonton life insurance, Calgary life insurance, Ottawa life insurance, Toronto life insurance, or Halifax life insurance, Kanetix.ca can help.