Here is the revised Top 11 list of Canadian life insurance companies.
- Lakeshore Advisors
- Apr 22, 2023
- 2 min read
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.
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
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
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
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
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
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
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
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
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
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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