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Life Insurance Company Biographies and Information
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Insurance CompaniesCanada has a life insurance heritage dating as far back as 1847, when Canada Life became the first chartered domestic life insurance company. Especially in the east, many Canadian life insurance companies began as an outgrowth of fraternal benefit societies—groups of individuals, families and neighbors that gave a helping hand when needed to members of their society. Their origins playing a fundamental role in their organization, many of these companies have operated as mutuals. In the last ten years however, the industry has been seeing a trend towards demutualization and consolidation. 
Until the mid 90's, the number of life insurance companies operating in Canada grew. In 1993, there were as many as 148 life insurance companies. Many of these companies offered very specific, tailored products and services. But since the mid 90's, as a result of consolidations, the number of insurance companies has decreased to nearly 100. Many providers like L'Excellence, Clarica and Northwest Life have joined larger companies and are still offering their unique products and services, only under different names and with wider reaches than ever before. List of insurance companies in CanadaThe following is a list of most major insurance companies in Canada. Many of these companies are competing for your business and offer term life insurance, permanent whole life and universal life insurance, segregated funds for investment and financial advisors. There are lots of these companies to choose from. Getting the best rates is all about knowing who provides it and what you qualify for. As many of these companies offer specialized insurance in niche markets, we highly recommend using an insurance broker to help you compare insurance products. Click any of them to visit their biography page and find more information about their histories and to compare and the products and services that they provide. DisclaimerThe Canadian Equity Group (CEG) provides the content on its website and links to other websites as a convenience to the user. While every effort is made to ensure the accuracy of the information on its website, due to the rapidly changing nature of the marketplace, it is entirely the responsibility of the user to verify all information before acting on the information enclosed in the CEG website. The Canadian Equity Group does not endorse, sponsor or claim affiliation with any of the companies listed. Your connection to any third party site made available through the CEG website is entirely at your own risk; CEG does not warrant that such sites are devoid of viruses or any other malware.
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