As well as its operations within the United Kingdom, Canada life operates within the United States, Canada, Germany and other regions via subsidiary companies and branch operations. With its headquarters based in Toronto, Canada, Canadlife is one of the oldest Canadian Life assurance companies in Canada dating back to 1847. Canada Life is part of Great-West Lifeco Inc which itself provides financial solutions to millions of customers on a global level.
Canada Life started its operations within the United kingdom a century ago in 1903. It provides retirement, investment and other financial services alongside its provision of group insurance solutions. Canada Life of their operationsin the UK
"We are now one of the UK’s largest providers of group risk insurance, covering almost 3 million people through our group insurance schemes. We are recognised as having substantial weight and experience in our three core product sectors – Group Life Assurance, Group Income Protection and Group Critical Illness".
Canada Lifes Group Critical Illness cover has twelve core conditions that are covered including cancer, stroke and heart attacks. Canada Life also provide the option though for groups to add another twenty-six illnesses to be covered making thirty-six critical illnesses covered in total
Canada life has picked up a multitude of award over the years. Most recently, these include two 2011 financial adviser service award and three 2011 Lipper Fund Awards.
Canada Life is is fully involved in charity work within the communities in which it operates. The company makes regular donations to charities that support health, financial education and environmental causes. The most recently listed charities that Canada Life supports are Herts Air Ambulance, Cancer Research UK, St Clare Hospice, Make A Wish Foundation, Garden House Hospice and Hounds for Heroes.
Fitch Rating (Long-Term, Issuer Default Rating) Canada Life Financial Corp; AA- (29/01/2010)