Life Insurance Companies Of Canada

Manulife is the largest insurance company in canada and one of the largest life insurers in the world.

Life insurance companies of canada. While each of these mutual based companies has unmatched whole life insurance offerings only one has a competitive term life insurance product mass mutual. Pick 1 manulife financial. About 22 million canadians owned some form of life insurance in 2019 according to industry figures. There are approximately 160 life and health insurers competing in the canadian market.

As of 2020 the best life insurance companies in canada include manulife financial wawanesa life bmo insurance canada protection plan and industrial alliance. Its head office is located in waterloo ontario with 17 branches. Economical insurance founded in 1871 economical insurance is one of the largest property and casualty insurance companies in canada providing home automobile and commercial insurance products to over one million policyholders across canada. Manulife financial includes the brands.

London life was founded in london ontario in 1874 and remains headquartered there. Following list shows the top 30 insurance companies in canada in terms of total assets. London life was a part of great west lifeco subsidiary great west life assurance company. In 2018 the following three life insurance companies were the largest ones in canada.

It offers life and health insurance dental insurance travel insurance pension products annuities mutual funds assets management and other services. Standard life maritime life and john hancock in the u s sun life financial and great west life assurance company includes the brands. Best life insurance for couples. Manulife is one of the biggest insurers in canada with over 30 million customers worldwide.

It is also one of the oldest. Canada life and london life.