Top 10 Life Insurance Companies in Canada

Life insurance is a significant monetary item that can assist with safeguarding your friends and family monetarily in case of your passing. When picking a life insurance strategy, it means a lot to compare various companies and policies to track down the best one for your necessities.

Life Insurance Companies

Here is a rundown of the main 10 life insurance companies in Canada, given complete resources:

  • Manulife
  • Canada Life
  • Sun Life
  • Desjardins
  • Industrial Alliance
  • SSQ
  • La Capitale
  • BMO Life
  • Co-operators
  • Foresters

Manulife

Manulife is the largest life insurance company in Canada, with absolute resources of more than $1.5 trillion. The company offers an extensive variety of life insurance items, including term life insurance, extremely durable life insurance, and basic sickness insurance. Manulife likewise offers an assortment of speculation items, like common assets and annuities.

Address: Manulife Center, 55 Bloor Road West, Toronto, ON M5S 1M1

 

Canada Life

Canada Life is the second-largest life insurance company in Canada, with absolute resources of more than $1.2 trillion. The company offers an extensive variety of life insurance items, including term life insurance, extremely durable life insurance, and basic sickness insurance. Canada Life likewise offers an assortment of speculation items, like shared assets and annuities.

Address: Canada Life Center, 300 Bloor Road West, Toronto, ON M5S 1M1

Sun Life

Sun Life is the third-largest life insurance company in Canada, with absolute resources of more than $1 trillion. The company offers an extensive variety of life insurance items, including term life insurance, extremely durable life insurance, and basic sickness insurance. Sun Life likewise offers an assortment of venture items, like shared assets and annuities. See here for the right life insurance.

Address: Sun Life Monetary Center, 150 Ruler Road West, Toronto, ON M5H 3X8

Desjardins

Desjardins is a monetary cooperative that offers different monetary items, including life insurance. The company has more than 6 million individuals and complete resources of more than $200 billion. Desjardins offers an extensive variety of life insurance items, including term life insurance, super durable life insurance, and basic sickness insurance.

Address: 500 Desjardins Street, Lévis, QC G6V 8S1

Industrial Alliance

Industrial Alliance is a life insurance company that was established in 1902. The company has more than 3 million clients and resources of more than $100 billion. Industrial Alliance offers an extensive variety of life insurance items, including term life insurance, super durable life insurance, and basic sickness insurance.

Address: 1500 René-Lévesque Avenue West, Montreal, QC H3B 2L1

SSQ

SSQ is a life insurance company that was established in 1925. The company has more than 2 million clients and complete resources of more than $50 billion. SSQ offers an extensive variety of life insurance items, including term life insurance, super durable life insurance, and basic disease insurance. See here for a life insurance policy guide.

Address: 1000, mourn de la Gauchetière Ouest, Montréal, QC H3B 2L1

La Capitale

La Capitale is a life insurance company that was established in 1935. The company has north of 1 million clients and all-out resources of more than $30 billion. La Capitale offers an extensive variety of life insurance items, including term life insurance, long-lasting life insurance, and basic sickness insurance. See here for USA Travel insurance.

Address: 1000, mourn de la Gauchetière Ouest, Montréal, QC H3B 2L1

BMO Life

BMO Life is a life insurance company that was established in 1832. The company is an auxiliary of the Bank of Montreal. BMO Life offers an extensive variety of life insurance items, including term life insurance, super durable life insurance, and basic disease insurance.

Address: 1 First Canadian Place, Toronto, ON M5X 1B5

Co-operators

A co-operator is a monetary cooperative that offers different monetary items, including life insurance. The company has more than 4 million individuals and all out resources of more than $100 billion. Co-operators offer an extensive variety of life insurance items, including term life insurance, super durable life insurance, and basic disease insurance.

Life insurance is an important financial product that can help protect your loved ones financially in the event of your death. When choosing a life insurance policy, it is important to compare different companies and policies to find the best one for your needs.

Here is a list of the top 10 life insurance companies in Canada, based on total assets:

Rank Company Total Assets (CAD) Address
1 Manulife $1.5 trillion Manulife Centre, 55 Bloor Street West, Toronto, ON M5S 1M1
2 Canada Life $1.2 trillion Canada Life Centre, 300 Bloor Street West, Toronto, ON M5S 1M1
3 Sun Life $1 trillion Sun Life Financial Centre, 150 King Street West, Toronto, ON M5H 3X8
4 Desjardins $200 billion 500 Desjardins Boulevard, Lévis, QC G6V 8S1
5 Industrial Alliance $100 billion 1500 René-Lévesque Boulevard West, Montreal, QC H3B 2L1
6 SSQ $50 billion 1000, rue de la Gauchetière Ouest, Montréal, QC H3B 2L1
7 La Capitale $30 billion 1000, rue de la Gauchetière Ouest, Montréal, QC H3B 2L1
8 BMO Life $20 billion 1 First Canadian Place, Toronto, ON M5X 1B5
9 Co-operators $100 billion 1000, rue Slater, Ottawa, ON K1P 5V5
10 Foresters $10 billion 1000, rue Slater, Ottawa, ON K1P 5V5

Table of Top 10 Life Insurance Companies in Canada

Rank Company Total Assets (CAD) Address
1 Manulife $1.5 trillion Manulife Centre, 55 Bloor Street West, Toronto, ON M5S 1M1
2 Canada Life $1.2 trillion Canada Life Centre, 300 Bloor Street West, Toronto, ON M5S 1M1
3 Sun Life $1 trillion Sun Life Financial Centre, 150 King Street West, Toronto, ON M5H 3X8
4 Desjardins $200 billion 500 Desjardins Boulevard, Lévis, QC G6V 8S1
5 Industrial Alliance $100 billion 1500 René-Lévesque Boulevard West, Montreal, QC H3B 2L1
6 SSQ $50 billion 1000, rue de la Gauchetière Ouest, Montréal, QC H3B 2L1
7 La Capitale $30 billion 1000, rue de la Gauchetière Ouest, Montréal, QC H3B 2L1
8 BMO Life $20 billion 1 First Canadian Place, Toronto, ON M5X 1B5
9 Co-operators $100 billion 1000, rue Slater, Ottawa, ON K1P 5V5
10 Foresters $10 billion 1000, rue Slater, Ottawa, ON K1P 5V5

When choosing a life insurance company, it is important to consider the following factors:

  • Financial strength: Make sure the company is financially sound and has a good track record of paying claims.
  • Products and services: Consider the types of policies the company offers and the level of customer service they provide.
  • Cost: Compare the premiums of different companies to find the best deal.
  • Reputation: Read reviews from other customers to get an idea of the company’s reputation.

It is also important to remember that life insurance is a long-term commitment. Make sure you choose a company that you feel comfortable with.

 

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