Overview

The Canada Life Assurance Company (Canada Life) was incorporated in 1847 and headquartered in Winnipeg, Manitoba, Canada. It is an international company providing insurance, wealth management, and healthcare benefit products and services in Canada, the United Kingdom, the Isle of Man, Germany, and Ireland through Irish Life. In 2022, the company has more than 17500 employees and serves more than 17 million customer relationships. The Canada Life Assurance Company is a subsidiary of Great-West Lifeco and a member of the Power Corporation group of Companies. In Canada, Canada Life offers investments, savings and retirement income, annuities, life, disability, job loss, and critical illness insurance for individuals, families, and business owners. Group payout products issued by Canada Life are distributed by Great-West Life (parent company). Canada Life is also a leading provider of creditor insurance through leading financial institutions and other lending institutions. In Europe, Canada Life, and Irish Life provide individuals and their families with a broad range of protection and wealth management products. It is a leading provider of traditional mortality, structured, and longevity reinsurance solutions for life insurers in the US and international markets. The company operates its business primarily in Canada and Europe through its subsidiaries including The Canada Life Group (U.K.) Limited, Canada Life Limited, Irish Life Group Limited (Irish Life), Canada Life Capital Corporation Inc., Toronto College Park Ltd., Quadrus Investment Services Ltd., and GWL Realty Advisors Inc. In November 2021, Irish Life, an indirect wholly-owned subsidiary of the Company, completed the acquisition of Ark Life Assurance Companydac (Ark Life) from Phoenix Group Holdings plc. On Jan. 1, 2020, The Great-West Life Assurance Company, London Life Insurance Company, The Canada Life Assurance Company, and two holding companies amalgamated. They are now one company – The Canada Life Assurance Company.