Canada Life
Canada Life, now operating as The Canada Life Assurance Company, provides insurance, investment, and retirement planning services, and supports workplace mental health strategies.
Canada Life Services
Canada Life offers a range of services tailored to meet individuals' financial needs. These services include insurance, investments, and retirement planning. The company provides various insurance products, such as life, health, and disability insurance. Their investment services offer clients options to plan for their financial future. For those planning their retirement, Canada Life provides comprehensive strategies to ensure financial security during retirement. By providing these services, Canada Life aims to support its clients' financial well-being through all stages of life.
Canada Life Mental Health Resources
Canada Life is committed to workplace mental health, offering tools and resources designed to improve mental health strategies in the workplace. These resources aim to help employers support their employees' mental well-being, recognizing the importance of a healthy and productive work environment. The company provides various materials and programs that address mental health issues, promoting awareness and providing practical steps to create a supportive workplace culture.
Canada Life Amalgamation
On January 1, 2020, Canada Life amalgamated with The Great-West Life Assurance Company and London Life Insurance Company into a single entity. This amalgamation formed The Canada Life Assurance Company. The union aimed to create operating efficiencies, simplify the company's capital structure, and improve governance. One significant change was the combination of the Canadian open participating accounts from the amalgamated companies, enhancing risk diversification and reducing expenses. Customers of the three companies continued with their existing policies and contracts without changes.
Canada Life Branding Transition
Following the amalgamation in 2020, Canada Life embarked on a branding and operational transition process expected to take 3-5 years. This transition includes rebranding efforts, aligning the operations of the amalgamated companies, and ensuring a seamless integration. The goal is to present a unified brand, improve operational efficiencies, and maintain high standards of customer service during the transition period. Customers are informed that their policies and contracts remain unchanged despite these updates.