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5 biggest Life Insurance Companies in Canada

The world of insurance is practically bottomless in every way, and the market of Canada is also home to some incredibly big names. It is important to be aware of who is in the insurance market in Canada. Click here to check out the list of top 5 life insurance companies, ranked according to their total assets in Canadian dollars.

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5 biggest Life Insurance Companies in Canada

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  1. 5 biggest Life Insurance Companies in Canada

  2. The world of insurance is practically bottomless in every way, and the market of Canada is also home to some incredibly big names. It is important to be aware of who is in the insurance market in Canada. We are sharing a list of top 5 life insurance companies, ranked according to their total assets in Canadian dollars.

  3. KEYCHALLENGES Life Insurance Companies in Canada CHES Life Manulife Financial Power Financial Sun Life Financial Fairfax Financial

  4. CHES Life CHES Life is the Best Life Insurance provider in Canada. CHES LIFE INC. offer a bespoke service approach to assisting in making some important decisions when it comes protecting your family’s assets and income, in future times of distress. Our team of dedicated advisors have extensive experience in sourcing the best coverage that suits your particular circumstance, whether it is larger limits of coverage required, age or health issues or that the premium for peace of mind needs to fit a family budget, we are here to help. CHES Life Inc. design our products to provide a specific and tailored protection policy that gives you peace of mind at the right price.

  5. Manulife Financial Standing at the top of the list is Manulife Financial, with a total asset value of a whopping CAD 750.27 billion! Manulife is among the largest providers of financial services in the world. Their solutions include insurance, wealth management, asset management and financial advice in a range of aspects. Their life insurance company practice has a massive portfolio. They cater to a wide range of clientele, including groups, companies, individuals and also institutions of multiple sectors. The company manages around trillion Canadian dollars’ worth of assets. Their overall customer base is more than 20 million customers across the globe. So far, they have provided benefits to countless customers with a total worth of over CAD 25 billion during the year. With an obsession for customer satisfaction and thinking big, the company regularly ventures into new areas to provide solutions to their customers in every possible manner.

  6. Power Financial Parent to one other company in the list and a commonly heard name in the Canadian life insurance market, Power Financial is another behemoth with a total asset holding of CAD 447.06 billion in 2018. The company’s primary business practice is insurance with the addition of reassurance, asset management and other services as well, depending on the region. The company holds the honor of being declared the best provider for life insurance in multiple regions, including foreign lands like the UK and Ireland. The company works with prudent business practices and believes in strong quality maintenance and executive oversight. The company has a very sound financial standing in the market and is opted for life insurance by millions of customers to suit their specific needs. The life insurance company reviews for Canadian businesses often rank this company as an essential part of the discussion.

  7. Sun Life Financial Sun Life Financial is one of the most trusted names in the Canadian life insurance market, and it is also a very successful life insurance company. With a total asset figure of CAD 271.83 billion in 2018, it is currently serving an incredibly large consumer base. Considering life insurance company reviews, Reader’s Digest voted it the “Most Trusted Brand of Life Insurance in Canada” for the 10th consecutive time this year! The company offers a range of life insurance options, including term life insurance, permanent life insurance, participating life insurance and universal life insurance. The company has a history of 150 years, during which time they have managed to create a reliable station for millions of customers, providing them with all the tools to create the policy of their choice and facilitating families at the time of death of policyholders.

  8. Fairfax Financial Number 5 on the list is Fairfax financial, with total assets management and administration of CAD 86.66 billion. It is involved in providing life insurance services to a huge customer base along with several other insurance instruments in its belt. The company has been in existence since 1951 and actively participates in the insurance market in Canada through a team of very competent insurance experts. The most notable of all is the CEO and Chairman of the holdings company Prem Watsa, who is highly regarded for his business acumen and even compared to Warren Buffet for his investment strategies that focus primarily on value generation. This same strategy also translates to creating maximum value for their customers as well to provide maximum satisfaction as per the company’s philosophy.

  9. THANKYOU!

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