Life Insurance Company Reviews
Life insurance is a product sold by insurance companies. You want to have as much information about life insurance as possible before making the final decision.
- Manulife Insurance
- Sun Life Financial Life Insurance
- Great-West Life Insurance
- Industrial Alliance Life Insurance
- Desjardins Financial Security Life Insurance
- Empire Life Insurance
- Assumption Life Insurance Company Review
Life insurance is a product sold by insurance companies. Like many other products, you want to have as much information about life insurance as possible before making the final decision. Think about buying a car. You are interested in the color, the engine power, how fast it picks up speed, among other things.
With life insurance, you also want to know how much it costs, the benefits of the policy you want to buy, and how long the cover lasts. In your search for information, you might want to go online and check out some of the life insurance company websites or contact an expert in the field. We know how much information can be valuable, especially in the purchase of insurance coverage.
Emma Life insurance wants you to experience convenience when buying policies. In our practice, we have come across numerous insurance companies, and we are here to share our experiences. There are hundreds of insurance companies across the nation and choosing the best can be confusing. Almost every insurance firm will have a colorful banner advertising their products and a sweet-talking marketer ready to bring a new client on board. But in such a situation, you need an honest and unbiased opinion that is objective.
When you are shopping for life insurance, finding genuine reviews will help you know what to expect when you sign a contract with a particular life insurance company. By doing comparisons and analyses, you will be able to choose the company that offers the best rates in premiums. Reading reviews also help you learn about the start-ups that might not be known in all corners but have excellent services. You can also find the companies that have attractive incentives and discounts so that you get lower rates.
From these insurance company reviews, you can make up your mind on who will be the most suitable insurer to buy a life cover from.
Manulife Insurance, which is one of the 10 biggest life insurance companies in Canada, has built a reputation for itself over the years. It offers a variety of products of life insurance.
The term insurance policies offered by Manulife include the CoverMe term life, CoverMe Easy Issue, and Manulife Quick Easy Term. The Business Term plan is meant to protect your business, and it has the option to boost your insurance as the business grows without doing checks on your business or medical evaluation.
Manulife also has permanent life insurance for those seeking lifelong coverage. It offers both whole life and universal life coverage with a guaranteed death benefit. The whole life products include Manulife Par whole life insurance and Performax Gold whole life insurance. The universal life products are InnoVision, Manulife UL, and Security UL.
Sun Life Financial Life Insurance
Sun Life Financial is a renowned insurance company that offers coverage in terms of life insurance, health insurance, business insurance, among many other products.
Sun Life has both term life and permanent life insurance options. The term products include Sun Term Insurance, Sun Spectrum Term Insurance, Sun Life Go Simplified, and Sun Life Go Term. The coverage period ranges from 10 to 30 years, and the amount insured goes up to $15 million. The wide range of coverage ensures that consumers from all walks of life can get a policy that is best for them.
Sun Life also offers permanent life insurance products such as universal, participating, and whole life insurance. With the participating type, the cash value is accumulated, and dividends can be paid to the policyholder. The participating plans include Sun Par Accumulator and Sun Par Protector. The whole life insurance products include Sun Life Go Guaranteed and Sun Spectrum Life.
Great-West Life Insurance
Founded in 1981 in Winnipeg, Manitoba, Great-West Life insurance is a reputable insurance company in Canada. Currently, a subsidiary of Great-West Lifeco, the insurance company has a membership of more than 13 million in Canada. Great-West Life Insurance has paid a total of $9.1 billion in benefits and has more than $100 billion in investment and retirement holdings. It offers different kinds of products, including life insurance, health insurance and reinsurance business. The company has its services in Canada and Europe.
Great-West Life Insurance Company has different life insurance products, including term, participating life insurance and universal life insurance.
Term policies offer coverage for 10 to 20 years, and they can be tailored to a buyer’s individual needs. The term life insurance policies can be renewed to a policy anniversary closest to 85 years. The cost increases at each automatic renewal. The beneficiaries of a term life insurance are entitled to a tax-free death benefit.
For participating life insurance, the premiums of the policyholders are put in an account and managed by the company. The value of the amount can be increased through investment, and the insured person can get dividends. The dividends can be used to upgrade coverage, reduce annual premiums or be withdrawn as cash.
Great-West Life's Insurance offers a flexible universal life coverage, which gives policyholders the freedom to choose the kind of coverage that suits them. The plan features a tax-advantaged cash value. The money accumulated in the cash value account can be used for investment or to pay for future premiums.
Industrial Alliance Life Insurance
The IA life insurance company offers a degree of diversity regarding the type of products that they offer. They have term life, whole life, and universal life insurance.
Consumers have the option to choose a term policy that runs for 10 years or 20 years. IA also offers the buyers the freedom to select any duration for which they want coverage. The Access Life T20 has an option to renew once the term runs out, and the applicant does not need to undergo a medical exam.
The universal life packages offered include Equibuild, Genesis, and Genesis IRIS. The universal options offer lifelong coverage and have a cash value option.
Desjardins Financial Security Life Insurance
Desjardins is a financial institution that was established in 1948 and served over 5 million clients in Canada. Headquartered in Quebec, the company is among the top in the country, and its interest in socioeconomic activities has earned it a good name on the market.
It is a diversified institution offering many products such as retirement plans, group savings, health insurance, wealth management, and education solutions.
The Life insurance products offered by Desjardins include term policies, whole life, universal, and participating.
Empire Life Insurance
Empire life insurance has been offering Canadians financial products and services since it was founded in 1923.
The company provides retirement plans, health insurance, mutual benefits, and life insurance.
It offers both term and permanent life insurance plans. The term policies offered last from 10 to 30 years. Young families and those looking to cover the final years of their mortgage can buy solution 10, which offers a decade of coverage. The premium rates increase when renewing, and the final premium increase is at the age of 75. The 20-year term insurance has its final premium increase at the age of 65. The 30-year term life policy offered by Empire Life Insurance has guaranteed premiums for the first 30 years. Thereafter, the premiums increase annually to the age of 85.
The company also offers an annually renewable plan named Solution ART. The premium rates are constant for the first three years, and then they have increased annually until the policyholder reaches 85 years.
Before you buy a life insurance policy with Empire, you will meet an insurance advisor and discuss your needs. You will then be educated on the available options before you making your final decision.
The company’s life stock rating is stable, and A.M Best Company gives it a rating of excellent. The life insurance products that it offers are term life, permanent, and participating life insurance.
Assumption Life Insurance Company Review
Assumption Life Insurance is a financial institution that has established itself in the market firmly. Since it was founded in 1903, the company has worked to provide its clients with quality services and has maintained a good reputation.
With Assumption Life Insurance, you can buy term, permanent, or participating life insurance.
The term life insurance products include FlexTerm, FlexOptions, Youth Plus and No Medical Term Plus. These policies have terms lasting between 10 to 35 years. Each of the term policies has an age limit. The buyer has the option of choosing a policy without a medical exam. The Youth Plus plan offers coverage for children aged between 15 days to 17 years.
The permanent life insurance options include essential whole life, total protection and Golden protection. Insurance buyers can find permanent life insurance options that don’t require a medical exam or any blood tests. For the permanent policies, the policyholder can insure up to $4,000,000.
Assumption life insurance also offers participating life insurance for both adults and children. The policyholders can benefit from dividends through this plan.
The company also provides information to its clients and prospects through a variety of tools such as an online calculator to help you choose the right amount to ensure. One of their strengths is the ability to offer excellent customer service and elaborate communication.