Canadian insurance companies - 2
59Blue Cross Life Insurance of Canada
Blue Cross Canada is one of the most outstanding companies due to its affordability and quality of products. All Member Plans belong to Members of the Canadian Association of Blue Cross Plans (CABCP) which aim at continually maintaining and monitoring the standards of the company. In this way, all customers can voice their opinion, which helps the company make sure all clients are fully satisfied.
Member Plans are unique in the supplementary health plans for individuals, families, seniors, and employers. Life and health insurance include extended health plans for seniors, prescription drugs, dental, vision care, preferred hospital accommodation, short and long-term disability coverage, ambulance, health spending accounts, emergency medical travel, home nursing, chiropractor, group life insurance (accident death and dismemberment), short and long-term disability coverage and critical illness.
Blue Cross also offers expatriate coverage for international employees. For individual health plans, there is choice of Personal Choice Plan A, Plan B, Plan C and Probability Plan, where the customers get the necessary products that meet their needs and expectations. They can also choose from a number of individual and group life and health insurance products and travel coverage to suit their unique needs.
Blue Cross gives scholarships for member students, and is involved in a range of community activities. It operates in all provinces and territories.
Canada Life Insurance Company of Canada
Canada Life Reinsurance, a subsidiary of The Great-West Life Assurance Company, offers its customers a variety of insurance and investment products for both groups and individuals. One of Canada Life's most interesting products is Participating Life, insurance which combines life insurance protection with a tax-advantaged investment component; as long as premiums are paid it guarantees a high level of protection throughout one's whole life.
The company also offers term life and universal life protection. Their Universal Life plan has multiple cost of insurance (COI) options, including increasing,level and limited pay COI. Canada Life is a leading provider of health insurance solutions, including a wide variety of critical illness and disability insurance solutions.
Canada Life is the leading provider of Credit Insurances where customers can insure their mortgages and loans throughout a number of products tailored to their individual needs.
Co-operators Life Insurance Company
The Co-operators was founded by a group of Canadian farmers in 1945. Since then, it has grown to become Canada's leading multi-product insurance company with the cooperation of ten like-minded organizations. They are a community-based organization with an emphasis on personal care and keeping in touch with clients.
The company focuses on both individual and group insurance products, including a variety of life and health insurance, travel insurance, auto insurances, home insurance and special risk insurance. Special risk insurance is especially recommended for non-profit organizations that rely heavily on hosting special events to raise their funds.
As the biggest farm insurance company, they know how important it is to meet each and every farmer's specific needs by offering carefully developed products tailored to their unique requirements. They provide protection to over 47,000 farms throughout Canada.
The Co-operators also provide a wide range of wealth management products, well-selected investments, and real estate management services for customers seeking financial management.
Here is the second part of my review of the biggest players in the Canadian life insurance business. They provide a wide range of insurance and investment products, so it is worth cheching out our assessment of their insurance policies.
Business owners are offered different coverages, various deductible amounts and policy limits to ensure safety and protection. All these services are available in over 600 locations across Canada. A local agent can offer professional advice and personal service. They also publish a newsletter to keep customers up-to-date with new products.
Desjardins Financial Security
Desjardins Financial Security is ranked first among life and health insurance companies in Quebec and fourth in Canada, supporting more than five million members.
Their insurance products include life insurance (term, whole life, universal life, and accidental insurance), health and critical illness coverage (complementary health care, disability and long-term care), loans and lines of credit (mortgages, personal loans, and credit card insurance), accidental and travel insurance, insurance for self-employed individuals, and group insurance. The company's financial products include carefully selected guaranteed deposits, multi-strategy investments, and segregate funds.
Desjardins offers customers saving for a specific purpose an interesting opportunity with their Saving Up For Something Special product, where specific individual needs are put forward and planned out to achieve savings goals.
Whether you are having a baby, getting married, getting divorced, approaching retirement, buying a new home or wanting to reduce your taxes-regardless of the changes in your life, Desjardins will always be there to adjust with you, establishing better and safer financial stability. The Desjardins Business Centre offers a number of products for businesses as well.
Their electronic newsletter is published six times a year, and includes informative articles about taxation, savings, insurance and health. They are also involved in various community events, including the Mother-Daughter Walk, Mental Health Week, and other health-related and community-based organizations.
You can read the details by visiting my list of Canadian life insurance companies.
There is more to come.
