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Life insurance is a necessity if you have immediate family or others that count on your income. However, choosing a policy that fits your financial goals and is affordable can be challenging.
The underwriting process, which is a crucial part of buying life insurance, plays a significant role in determining whether a medical exam is required and how much your policy will cost.
In 1936, a new company, the Equitable Life Insurance Company of Canada, was incorporated under a federal charter and assumed the operations of the Ontario Equitable Life. Equitable was founded as a joint-stock company , but in 1958 began buying back its stock and in 1963 converted to a mutual.
Securian Canada is the Canadian subsidiary of Securian Financial Group, a provider of insurance, investment, and retirement solutions based out of St. Paul, Minnesota, United States. Its roots go back to 1955, when the Canadian Premier Life Insurance Company was incorporated.
The current company is the result of the 2020 amalgamation of The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company, along with their holding companies (London Insurance Group Inc. and Canada Life Financial Corporation). [2] The company is a wholly owned subsidiary of Great-West Lifeco. [1]
“The younger you purchase life insurance, the better it will be,” Puri said. The biggest advantage of buying life insurance at a younger age is that you’ll lock in a low rate for the life of ...
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