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How Canada Life is supporting you during COVID-19. Learn more

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Learn more

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Freedom 55 Financial is a division of The Canada Life Assurance Company and the information you requested can be found here.

For printed copies of Canada Life’s annual reports or copies of Great-West Life or London Life reports from prior years, contact the Corporate Secretary’s Office.

Canada Life has one series of subordinated debentures outstanding with a face amount of $100 million.
Issuer Entity

The Canada Life Assurance Company

Coupon

6.40%

Date of Maturity

Dec 11, 2028

Senior/Subordinated

Series B Subordinated

Date Issued

Dec 11, 1998

Amount Outstanding

$100,000,000

S&P Rating

AA-

DBRS Rating

AA (low)

Canada Life Capital Trust has issued Canada Life Capital Trust Securities (“CLiCS”) Series B with a face value of $150 million.
Issuer Entity Canada Life Capital Trust
Parent Company

The Canada Life Assurance Company

Issue

CLiCS Series B

Description

Canada Life Capital Securities

Date Issued

Mar 14, 2002

Amount Outstanding

$150,000,000

Yield

7.529%

First Par Call Date
June 30, 2032
S&P Rating

A+, P-1

DBRS Rating

A (high)

Our current credit ratings are as follows:
Rating Agency

Measurement

Rating

A.M. Best Company

Financial Strength

A+

DBRS Limited

Financial Strength

Subordinated Debt

AA

AA (low)

 

Fitch Ratings

Insurer Financial Strength

Subordinated Debt

AA

A+

Moody’s Investors Service

Insurance Financial Strength

Aa3

Standard & Poor’s Ratings Services

Insurer Financial Strength

Subordinated Debt

AA

AA-