Manulife, Canada Life Assurance Company, Sun Life Financial, IA Financial, and Empire Life are among the top life insurance companies in Canada based on total assets.

The table below shows some of our top picks, and what the major pros and cons are for each.

Here's the complete list of the biggest life insurance companies in Canada, ranked by their annual premiums (updated in 2024).

‍*The ratings for financial strength were obtained from the credit rating agency A.M. Best. Written Premiums and Assets taken from public financial data sources.

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1. Canada Life Assurance Company

Established in 1847, Canada Life Assurance Company is one of the major life insurance companies in Canada and is known for its strong reputation. As a subsidiary of Great-West Lifeco Inc. and a division of Power Corporation, Canada Life is an insurance and financial services provider. Great-West Lifeco Inc.’s has other subsidiaries as well.

This life insurance company offers a wide range of products, including whole life insurance coverage, critical illness insurance and term insurance.

Canada Life offers term insurance coverage for 10, 20, and 30 years or up to age 65. You can convert your coverage into a permanent or universal life insurance coverage up to age 70 without having to prove insurability. Term 10 plans (which last for 10 years) with Canada Life can be converted to a 20-year term policy anytime between the second and sixth policy year.

All of Canada Life’s insurance products give you the option to add various riders and benefits, such as the guaranteed insurability rider, waiver of premium benefit, accidental death benefit, and child’s term insurance rider.

Main Features of Canada Life

• Joint first-to-die option available with term insurance product
• Term insurance plans convertible up to age 70
• Term insurance policies expire at age 85

Pros of Canada Life Assurance

• Long history and financially robust
• Four different term lengths available
• Competitive premium rates
• Generous term exchange option

Cons of Canada Life Assurance

• Online quotes not available
• You cannot choose your own term

Read the complete Canada Life Insurance review.

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2. Manulife Financial Corporation

With 1.3 million in assets and $40B premiums written, Manulife is one of the major life insurance companies and health insurance providers. Manulife also offers various other financial products, including banking products, wealth management services, and group benefits.

Manulife is a financial services company and is best known for its term life insurance plans among Canadian life insurance companies. Its term insurance product include: ‍

• ‍CoverMe (10-year term policy, renewable up to age 85)
• ‍Family Term (A good option for families since it offers a lot of flexibility)
• ‍Business Term (Designed specifically for business owners, offering up to $20 million in death benefit)
• ‍Family Term with Vitality (allows you to save money and earn rewards if you demonstrate healthy habits)
• ‍Quick Issue Term (No medical reports needed). Besides life insurance plans, Manulife also offers health insurance, dental insurance, critical illness insurance, travel insurance, disability insurance, group insurance, pension products, annuities, mutual funds, etc.

Institutions such as Manulife offer a variety of financial products and services that can help someone save for their future and protect their loved ones. Manulife also provides wealth management services, and group benefits for its clients.

In addition to term insurance, Manulife also sells permanent life insurance policies, including a Guaranteed Issue Life Insurance that does not require a medical examination.

Main Features

• Coverage amount available from $50,000 to $20 million
• Renewable up to age 85
• Many riders available, like the disability premium waiver rider and child’s insurance rider
• Cash advance if diagnosed with a terminal illness

Pros of Manulife

• Financially strong
• A wide range of term insurance plans
• Early payout options
• No-medical term

Cons of Manulife

• Its term lengths are limited
• Term insurance rates are not among the cheapest

Read the complete Manulife Life Insurance review.

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3. Sun Life Financial

With total assets exceeding $328 billion, Sun Life Financial is a major life insurance company globally. In addition to Canada, Sun Life operates in several countries, including the US, the UK, and Australia.

Sun Life Financial offers a slew of term life insurance products, including a simplified issue, which allows you to forego the life insurance medical examination.

Sun Life’s operations are primarily focused on the sale of insurance product. Its term life products are available in different term lengths — 10, 15, 20, or 30 years. All term plans come with a 30-day free look period, meaning you get a full refund if you cancel the policy within 30 days of its issue. They also offers health insurance, critical illness insurance, and mutual funds, etc.

In addition to term life insurance coverage, Sun Life Financial offers various permanent life insurance choices.

Main Features of Sun Life Financial

• Insurance Coverage amount available from $50,000 to $1 million
• Term lengths available are 10, 15, 20, or 30 years
• Most term insurance plans allow you to add riders to customize the insurance coverage to meet your unique needs
• Living benefits included

Pros of Sun Life Financial

• Financially strong
• No-medical term insurance plans  
• Term insurance plans convertible up to age 75
• A wide range of add-ons

Cons of Sun Life Financial

• Term insurance rates are a little on the higher side
• No digital policy option

Read the complete Sun Life Insurance review.

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4. IA Financial

IA Financial Group is a leading life insurance company and wealth management group in Canada, with over $214 billion in assets. Its financial strength is reflected in its A+ rating from AM Best.

The subsidiary Industrial Alliance, which is the insurance arm of iA Financial Group, accounts for roughly 10% of the individual life insurance market share. Industrial Alliance life insurance goods include term insurance, universal insurance and whole life insurance.

Industrial Alliance’s Pick A Term has a unique term policy in the sense that it lets you pick any term from 10 to 40 years. Most other insurers, in contrast, offer a few fixed term options, such as 10, 20, or 30 years. The company also offers a no-medical term insurance plan, called Access Life, for those with underlying health conditions.

Industrial Alliance sells multiple permanent life insurance plans, the most notable among them being Life & Serenity 65. The plan offers lifelong coverage with premiums payable till age 100. In the event of loss of autonomy after age 65, you will be exempted from paying premiums and will receive the insurance amount as a monthly annuity. This company also offers auto insurance, illness insurance, travel insurance, disability insurance, property insurance, group insurance & mortgage insurance.

Main Features of iA Financial

• Coverage amount available from $10,000 to $10 million
• Coverage term available from 10 to 40 years
• No-medical term  insurance and whole life insurance
• All term plans are convertible

Pros of iA Financial Group

• A great selection of life insurance goods
• No-medical term and permanent  insurance  
• Pick-A-Term has few industry parallels and gives you the freedom to pick any term from 10 to 40 years
• Financially stable

Cons of iA Financial Group

• No digital policy
• Premium rates might not be the cheapest

Read the complete Industrial Alliance Life Insurance review.

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5. Desjardins Financial Security

Trusted by millions of customers, Desjardins is the sixth-largest life insurance company in Canada based on written premiums.

Desjardins offer four term life insurance plans: Term 10, Term 20, Term 30, and Term-to-age-65. Term 10 and Term 20 plans are renewable up to age 85, while the Term 30 plan can be renewed only once. All the four plans are convertible, which is a useful feature to have if you want to change your life insurance over time.

This company offers four permanent life insurance products, including a no-medical life insurance policy and a participating plan. You can customize life insurance to meet your unique needs by adding various riders to the base policy.

The insurance company has a product selection that now includes group, travel, auto, home and health insurance.

Main Features of Desjardins

• Term life insurance available for 10, 20, or 30 years, or until age 65
• Term life insurance plans are convertible and renewable
• Multiple riders are available  

Pros of Desjardins

• Robust suite of life insurance goods
• Covers multiple lives in one policy
• Financially strong

Cons of Desjardins

• Term life insurance premium rates are not the cheapest
• Does not offer online quotes

Read the complete Desjardins Life Insurance review.

Empire Life

Empire Life is another top life insurance company in Canada, with more than $18 billion in assets. The insurer offers a range of investment management products apart from various life insurance plans.  

This company sell both term and permanent life insurance options. You can buy term life insurance for 10, 20, 25, and 30 year terms. All of these term plans promise guaranteed level premium rates and are renewable. In addition to these four term products, the company sells an annual renewable term policy, which can be a good option for those in need of temporary coverage.  

Empire Life offers both participating and non-participating permanent life insurance products. To attain better growth, most insurance companies in Canada provide numerous possibilities for converting your coverage into permanent options, including participating whole life insurance options. It also has a guaranteed issue plan, which does not require a medical examination. Empire Life is a business that also offers investment products like annuities, segregated funds, mutual funds, etc.

Main Features

• Coverage amount available from $50,000 to $10 million
• Term insurance available for 10, 20, 25, and 30 years
• All term insurance plans are renewable
• Several permanent insurance plans

Pros of Empire Life  

• Multiple term insurance and permanent insurance plans
• Term coverage lasts up to age 85
• Shorter application processing times

Cons of Empire Life

• Does not offer online quotes to clients
• Does not sell Universal insurance

Read the complete Empire Life Insurance review.

Beneva

In 2020, La Capitale Insurance joined with SSQ Insurance to form Beneva,a major life insurance company in Canada. Beneva offers renewable, convertible, and decreasing term life insurance, permanent life insurance, disability insurance, critical illness insurance, and other life insurance products under the Beneva brand.

Pros of Beneva

• Online assistance
• Built-in protection (up to $1000) for estate legal fees and expenditures (Enhanced products, Quebec only)
• There are other optional coverage available, including riders for children's term and illness.
• Combined financial backing from SSQ Insurance merger under Beneva name

Cons of Beneva

• Up to $25,000 in no-medical coverage was available.
• After the age of 71, simplified coverage is only available up to $50,000.

Read the complete Beneva life insurance review.

RBC Life Insurance

RBC Insurance is one of Canada’s most trusted banks and major life insurance companies. Banks are one of the most trusted sources for financial advice and products, including life insurance. The RBC insurance company of Canada also offers home, health, car, travel insurance.

RBC life Insurance offers both term and permanent life insurance plans. YourTerm is RBC’s flagship product, which allows applicants to choose any term from 10 to 40 years. Royal Bank Canada also offers a no-medical term insurance plan, called SimplifiedTerm. Both these plans are convertible. RBC also offers home insurance, car insurance, travel insurance, mutual funds, etc.

This company sells four permanent life insurance products, including a no-medical permanent life insurance policy.

Main Features

• No medical term and permanent insurance
• 30-day review period
• Pick your own term with term life insurance policy
• Offers both permanent and universal life insurance

Pros of RBC Life Insurance

• Affordable term life insurance rates
• Great selection of life insurance goods
• Strong financially

Cons of RBC Life Insurance

• Term life insurance might be expensive for smokers
• No digital policy option

Read the complete RBC Life Insurance review.

Wawanesa Life Insurance

Wawanesa Life Insurance distributes top life insurance products throughout Canada and is a major life insurance provider in the country. Wawanesa also offers home insurance, auto insurance, farm insurance, and commercial business insurance.

This company offers term life insurance for 10, 15, 20, 25, or 30 years, or up to age 85. Wawanesa insurance also offers three permanent life insurance plans: 20 Pay Whole Life Insurance, Pay to Age 100**,** and Instant Issue Life Insurance**.** The last one is ideal for those who want coverage instantly. It lets you forego medical examination, and the coverage starts as soon as you submit the life insurance application and pay the first premium. The application process is simple and straightforward.

Main Features

• A wide range of life insurance goods
• Special plans with lower rates for healthy applicants
• Guaranteed Issue Life Insurance

Pros of Wawanesa Life Insurance

• Term life insurance available in five different term lengths
• Instant issue permanent life insurance
• Competitive premium rates
• Attractive guaranteed cash values with whole life insurance policies

Cons of Wawanesa Life Insurance

• You cannot apply online
• No universal life insurance policies

Read the complete Wawanesa Life Insurance review.

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BMO Insurance

Term life insurance from BMO Insurance is a wonderful life insurance company for single people, married people, and business owners. It can be used to safeguard a firm and important personnel, as well as to pay for mortgages and other debts, final expenses, burial costs, and provision for dependents.

Pros of BMO Insurance

• Conversion options into a permanent life insurance policy
• Available multi-policy discount
• Capability to convert a 10-year policy into a longer-term policy (15, 20, 25, and 30 year coverage options)

Cons of BMO Insurance

• There is no digital option; only printed policies are issued.
• Longer-term (Term 25 and Term 30) life insurance policies are not renewable.
• There is no online account.

Read the complete BMO Life Insurance review.

TD Insurance

TD Insurance provides life insurance all throughout Canada and is headquartered in Toronto, Ontario. This life insurance company has many rivals in Canada, and it's difficult to see what sets them apart from other life insurance companies because their life insurance premiums are higher than other insurers'.

Pros of TD Insurance

• TD Insurance offers term and permanent life insurance
• Instant coverage up to $500,000 at higher prices than competition
  
• Offer No Medical Life Insurance

Cons of TD Insurance

• Less term life options
• TD Insurance's term life policies are more expensive than others'.
• TD Insurance only offers a non-participating whole life insurance.
• Renewal prices are significantly more expensive

Read the complete TD Life Insurance review.

What is life insurance?

Life insurance is a legally-binding contract in which the insurance companies promises to pay your beneficiary a death benefit in exchange for regular premium payments. You can name multiple beneficiaries and can select anyone as your beneficiary, for example your spouse, children, or a trust. In most cases, the death benefit is also tax-free.  

Life insurance policies come in two types: term and permanent.

Term policies provides coverage for a fixed period of time, such as 5, 10, 20, or 30 years, and does not build value. They are far more affordable than permanent plans, with insurance premiums for young, healthy applicants often being as low as the cost of a cup of coffee a day.

Permanent life insurance plans offer life insurance protection for your entire life, provided you pay the life insurance premiums. Whole life and universal life insurance are both included in this category. Most of these policies also build value, which grows tax-deferred. Your policy's cash value is for you to use while you are still alive. Cash-value grows over time and can be withdrawn as a source of income in retirement. Your beneficiaries generally receive only the benefit when you pass away.

How does life insurance work?

• First, you select the type of plan — term or permanent life insurance, and the amount of coverage you want. Policyholders also need to choose the number of years for the policy term.
• Next, you submit the application to the company. You will likely be asked to answer a series of health-related questions and take a medical examination as part of the application process.
• The life insurance company will set your premium rate based on your age, gender, health, and medical history, among other things.
• Your plan becomes active the day you sign the policy papers and pay the first premium.
• In the event of your passing, your beneficiaries will receive the death benefit.

How does the death benefit work in a life insurance policy?

The death benefit is the amount paid out to the beneficiaries upon the insured's death. It serves as crucial financial protection for loved ones and can help cover outstanding debts and financial obligations.

What factors influence the cost of a life insurance policy?

The life insurance cost is determined by various factors, including the insured's age, health condition, coverage amount, policy type (e.g., term or whole life insurance policy), and whether a medical exam is required.

As you age, the cost of life insurance goes up, as the risk is higher for the insurance company. This is also true for anything that increases your risk of dying, such as underlying medical conditions, and dangerous hobbies or occupations.

Is a medical exam necessary to obtain the best life insurance policy?

In many cases, a medical exam is required to determine the applicant's health condition and assess the risk for the life insurance provider, which can impact the policy's cost and coverage options.

That said, there are no medical life insurance options available, if you either don't like the idea of doing a medical test, or if you have serious conditions that you think would make it impossible to pass an exam.

Can variable universal life insurance be considered one of the best life insurance choices?

Variable universal life insurance policy can be suitable for individuals seeking flexible premiums and investment opportunities, but it's essential to weigh its benefits against the risks and consider your long-term financial goals.

How can a well-tailored life insurance policy help manage financial obligations?

A carefully chosen life insurance policy can serve as a financial safety net, helping to cover outstanding debts, mortgages, educational expenses, and other financial obligations, ensuring your loved ones' well-being even in your absence.

Why is Life Insurance Important for Retirement Planning?

Life insurance is an essential component of retirement planning, as it provides a financial safety net for your loved ones in the event of your passing. It can help pay off outstanding debts, cover funeral expenses, and provide a lump sum of money to your beneficiaries. This ensures that your family is not burdened with financial stress during an already difficult time. Additionally, life insurance can be used to supplement your retirement income, ensuring that your loved ones maintain their standard of living even after you’re gone. By incorporating life insurance into your retirement plan, you can have peace of mind knowing that your family’s financial future is secure.

How Life Insurance Fits into Your Retirement Plan

Life insurance can fit into your retirement plan in several ways. Firstly, it can provide a tax-free death benefit to your beneficiaries, which can be used to pay off debts, cover funeral expenses, or supplement their income. This can be particularly beneficial if you have dependents who rely on your income. Secondly, some life insurance policies, such as whole life or universal life insurance, can accumulate a cash value over time. This cash value can be accessed during your retirement years, providing an additional source of income. Finally, life insurance can be used to fund a tax-free retirement income stream, offering you a guaranteed income for life. By strategically using life insurance, you can enhance your retirement plan and ensure financial stability for yourself and your loved ones.

Factors to consider when picking a life insurance company

With so many life insurance companies on the market, how do you pick the right one? We have prepared a list of the most important factors to consider when shopping for life insurance.  

Financial Wellness

Life insurance is a long-term contract, lasting a few decades or even your entire lifetime. The last thing you would want is to pay thousands of dollars in life insurance premiums only to find the insurance company is closing shop several years down the line. Therefore, make sure you choose an company that is in good financial shape.  

Thankfully, ascertaining the financial health of an company does not take more than a couple of minutes. AM Best — the world's largest credit rating agency specializing in the life insurance industry — provides a simple scoring formula ranging from A++ (the best rating) downward. The higher the rating, the more financially sound an company is.  

Products Offered

Permanent insurance and term life insurance are the two insurance products an insurance carrier offers. Most providers offer both, but some may specialize in only term life insurance. Make sure the companies included in your final list carry the product you need. Keep in mind that larger insurance companies such as Canada Life, Manulife, and Sun Life often have a wider range of products, while smaller companies may specialize in a few specific types of policies.

Affordable Premiums

Premiums vary wildly among insurers in Canada, but keep in mind that no single company is the cheapest for all applicants. Comparing quotes of different providers is the only way to ensure you are getting the best value for your money.  

Guaranteed Renewability, Guaranteed Insurability, and Term Conversion Riders

Most individuals opt for a term life insurance policy because it is more affordable and the coverage lasts only for as long as you need it. But life insurance needs can — and often do — change with time.  

As your 20-year term policy approaches its expiry date, you may realize your family still needs life insurance protection. Or, your existing coverage is no longer adequate. It may also happen that term life insurance is no longer the best option for you.    

It is important to pay attention to the kind of riders the life insurance company offers. Life insurance riders are add-ons that offer extra coverage or benefits. Some of them are built into your policy by default while others can be purchased by paying extra.  

If you are interested in taking out a term life insurance plan, three of the most important riders to consider are:  

1. Guaranteed Renewability Rider: This rider allows you to renew your term policy without a medical examination. That means if you want to continue coverage beyond the initial term, the life insurance company can neither turn your request down nor factor your current health into the renewal premium rate. Sure, your renewal premiums will be higher, but the increase will be only due to age.  

2. Guaranteed Insurability Rider: It allows you to increase your coverage amount up to a preset limit without having to go through underwriting again. Generally, a life insurance company let you purchase additional coverage at specific dates in future, like the fifth policy anniversary, or after a major life event, like the birth of a child.  

3. Term Conversion Rider: It allows you to convert your term policy to a permanent insurance plan without proving insurability. Some carriers let you choose between permanent and universal life insurance, while others may give only one option.    

Benefits of choosing a large life insurance company

Large insurance companies are generally financially strong and go back many decades, sometimes over a century. When you buy from a large insurance company, you can rest assured the company will keep its end of the bargain and pay the policy amount when the time comes. Large insurance carriers usually also offer a wider range of products and life insurance options than small players, which can be advantageous for buyers who need more than one type of life insurance policy.  

All the same, the size of your company is not the most important factor or the only one you should consider.

Factors that are more important include:  

• Insurer's financial health rating
• Its premium rates
• Whether it has the right policy for your needs

Benefits of choosing a smaller life insurance company

Just because an company has assets worth billions of dollars or has been around for a long time does not automatically mean it is right for you. Smaller insurance companies tend to specialize in one or two types of life insurance products, and as such may offer you a better deal.  

Also, some smaller insurance companies are more willing to write a policy to high-risk applicants. If you have an underlying health condition, do not discount a life insurance company merely because of its size.

A smaller company may also offer:

• Online quotes
• Digital policies
• Shorter application processing times
• Customer support via a mobile app.

If these things are important to you, include these providers in your list.  

What if your life insurance company goes out of business?

Life insurance helps mitigate the financial impact of your death on your family. However, you may be wondering: what if your insurance company suddenly cannot pay the claim? Thankfully, Canadian life insurance companies are strictly regulated, and the chances of an insurer becoming bankrupt are very slim. That said, the possibility cannot be completely ruled out. Luckily, if that were to ever happen, you will still not lose all of the promised benefits. If there is a casualty, the benefits will still be given, though they may be lessened.   

If your insurance company goes out of business, Assuris — a not-for-profit and industry-funded compensation body — will protect you. Assuris promises that you will receive at least 85% of your policy's benefits. The best part is that you get this protection free of cost. If you are a citizen or resident of Canada, you are automatically protected by Assuris if you purchase a product from a Canadian company. The Canadian insurance industry is a highly regulated industry with many rules and regulations that insurance companies must follow in order to operate. Assuris provides solutions for Canadians who are concerned about what would happen to their coverage if their life insurance company goes bankrupt.

Here is how Assuris protects you if your insurer declares bankruptcy:  

• Assuris will transfer your policy to a financially stable provider and you will retain at least 85% of the death benefit.
• For coverage amounts of $200,000 or lower, you will retain the full death benefit amount.
• If the cash value of your policy is $60,000 or less, you will retain all of it. If the value is more than $60,000, you will retain 85% of it.  

Top payout life insurance company

Manulife, RBC Life, and Blue Cross Atlantic are all life insurance companies that offer term life insurance coverage of up to $25,000,000 to younger applicants. However, how much death benefits you can buy depends largely on your annual income. Most insurance companies (if not all) will not approve you for more than 20-30 times your annual salary.

Most popular type of life insurance in Canada

Whole life insurance is the most widely purchased in Canada. It provides lifelong coverage and builds value. However, these perks do not come cheap. On average, permanent plans are 10 to 15 times more expensive than term life insurance.  

With permanent life, part of each premium payment is used for covering the cost of administrative fees, and insurance and financial services, while part goes into a built-in savings account. This account accumulates wealth — called cash value — at a fixed rate set by the company. Your policy's value grows tax-deferred, meaning you pay tax on it only when you access it.  

The “forced savings” aspect of whole and universal life insurance can be appealing to those who find saving money hard. It is also a useful feature for high-net-worth individuals who have already maxed out traditional investment vehicles and want their life insurance policy to act as a tool for investments, besides providing financial assistance to their loved ones upon death.  

Can you buy from a US life insurance company if you live in Canada?

Theoretically speaking, the answer is yes. But the sale would have to be made in the US. That means you would need to go to the US to sign the application with the life insurance company, take the life insurance medical examination, and accept the delivery of the policy. As you may guess, all of this is hardly practical.  

Unless you have a specific reason for choosing a US provider, you will likely be better off buying life insurance and financial services from a Canadian insurer such as Canada Life or Manulife!  

What is Critical Illness Insurance and Is It Worth It?

Critical illness insurance is a type of insurance that provides a lump sum payment if you’re diagnosed with a critical illness, such as cancer, heart attack, or stroke. This lump sum can be used to cover the costs associated with a critical illness, including medical expenses, lost income, and other related costs. The value of critical illness insurance depends on your individual circumstances, such as your health history, financial situation, and the level of health coverage you already have. For many, it offers peace of mind and financial protection during a challenging time. If you have a family history of critical illnesses or lack sufficient savings to cover unexpected medical costs, critical illness insurance can be a worthwhile investment.

How Much Money Do You Need to Retire in Canada?

The amount of money you need to retire in Canada varies depending on your individual circumstances, including your lifestyle, expenses, and debt levels. Generally, it’s recommended to save around 70% to 80% of your pre-retirement income to retire comfortably. However, this can vary depending on your specific needs and circumstances. It’s essential to start saving early and consistently to achieve your retirement goals. Additionally, considering life insurance and other financial products can help ensure that you have a secure financial future. Life insurance can provide a safety net for your loved ones, while other products like annuities can offer a steady income stream during retirement. By planning ahead and making informed financial decisions, you can enjoy a comfortable and worry-free retirement.

Conclusion

Canada Life Assurance Company is one of the top life insurance companies in Canada, followed by Manulife and Sun Life. If you are shopping for top insurance and financial services companies, consider getting a quote from one of these large life insurance companies. That said, do not discount smaller life insurance companies, like Canada Protection Plan. Although Canada Life is the largest and has been around for a while, this doesn't mean it's the only life insurance company that will offer you the best deal.

A smaller life insurance company may also be more appropriate for you given your personal circumstances. Dundas Life can save you time and money by displaying discounts from some of Canada's major insurance companies, as well as many more, to help you select the right coverage at the best possible price.

Send us an email or schedule a call to have our agent guide you through your options and help you pick a product that's right for you. Our agents are highly qualified and experienced professionals who are here to provide you with the greatest service and assist you with advice to choose the perfect product for you.

Frequently Asked Questions

What is Business Insurance?

Business insurance protects businesses from losses that may arise during the normal course of business. There are many different types of business insurance, including covering for property damage, legal liability, and employee-related hazards.

What is Property Insurance?

The word "property insurance" refers to a wide range of protection plans that insure both physical assets and legal liabilities. If a property or its contents are damaged, or stolen, the policyholder or renter will receive compensation from the insurance company. Also, the property owner or renter will receive compensation from the insurer if a third party is wounded on the property.

What is Reinsurance?

Reinsurance is frequently referred to as insurer insurance or stop-loss insurance. Reinsurance is the process of insurers transferring sections of their risk portfolios to other parties through some type of agreement in order to lessen the possibility of having to pay a big obligation arising from an insurance claim.