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Here is the revised Top 11 list of Canadian life insurance companies.

  1. Equitable Life: Financial Strength: A (A.M. Best) Policy Types: Term, Whole, Universal, and Participating Life Customer Satisfaction: 3.5 out of 5 (InsurEye) Additional Benefits: Customizable riders, long-term care options, and group benefits for businesses.

  2. Assumption Life: Financial Strength: A- (A.M. Best) Policy Types: Term, Whole, and Universal Life Customer Satisfaction: 3 out of 5 (InsurEye) Additional Benefits: Customizable riders, long-term care options, and group benefits for businesses

  3. Foresters Financial: Financial Strength: A (A.M. Best) Policy Types: Term, Whole, and Universal Life Customer Satisfaction: 3.5 out of 5 (InsurEye) Additional Benefits: Customizable riders, fraternal member benefits, such as grants and scholarships, and unique products like the Foresters PlanRight Whole Life Insurance for final expense coverage

  4. Manulife Financial: Financial Strength: A+ (A.M. Best) Policy Types: Term, Whole, Universal, and Participating Life Customer Satisfaction: 3 out of 5 (InsurEye) Additional Benefits: Customizable riders, long-term care options, and group benefits

  5. Sun Life Financial: Financial Strength: A+ (A.M. Best) Policy Types: Term, Whole, Universal, and Participating Life Customer Satisfaction: 3.5 out of 5 (InsurEye) Additional Benefits: Customizable riders, long-term care options, and group benefits

  6. Great-West Life (now part of Canada Life): Financial Strength: A+ (A.M. Best) Policy Types: Term, Whole, Universal, and Participating Life Customer Satisfaction: 3 out of 5 (InsurEye) Additional Benefits: Customizable riders, long-term care options, and group benefits

  7. Canada Life: Financial Strength: A+ (A.M. Best) Policy Types: Term, Whole, Universal, and Participating Life Customer Satisfaction: 3 out of 5 (InsurEye) Additional Benefits: Customizable riders, long-term care options, and group benefits

  8. Empire Life: Financial Strength: A (A.M. Best) Policy Types: Term, Whole, and Universal Life Customer Satisfaction: 3 out of 5 (InsurEye) Additional Benefits: Customizable riders and tailored policies for specific demographics

  9. Industrial Alliance: Financial Strength: A (A.M. Best) Policy Types: Term, Whole, Universal, and Participating Life Customer Satisfaction: 3 out of 5 (InsurEye) Additional Benefits: Customizable riders, long-term care options, and group benefits

  10. BMO Insurance: Financial Strength: A (A.M. Best) Policy Types: Term, Whole, and Universal Life Customer Satisfaction: 3 out of 5 (InsurEye) Additional Benefits: Customizable riders and one-stop shopping for various financial products

  11. Desjardins Insurance: Financial Strength: A (A.M. Best) Policy Types: Term, Whole, Universal, and Participating Life Customer Satisfaction: 3 out of 5 (InsurEye) Additional Benefits: Customizable riders, long-term care options, and group benefits for businesses





 
 
 

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Commissions, trailing commissions, management fees and expenses all may be associated with segregated funds investments. Please read the Information Folder before investing. Segregated Fund values change frequently and past performance may not be repeated. Insurance products and services provided through Customplan Financial Advisor Inc.  

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