Welcome to Canada Life! You’ve been redirected to our main website.
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. Discover the new Canada Life
Welcome to Canada Life! You’ve been redirected to our main website.
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. Discover the new Canada Life
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Welcome to Canada Life!
Freedom 55 Financial is a division of The Canada Life Assurance Company and the information you requested can be found here.
News and highlights
Canada Life closes ClaimSecure acquisition
September 1, 2021
Winnipeg, MB, September 1, 2021. . . The Canada Life Assurance Company (Canada Life), a subsidiary of Great-West Lifeco Inc., has completed the previously announced acquisition of ClaimSecure Inc. (ClaimSecure).
The completion of this acquisition increases the number of plan members served by Canada Life by 1.25 million individuals, including plan members and their dependents, with annual claims payments of more than CAD$1.2 billion. It also substantially enhances Canada Life’s presence in the third-party administrator (TPA) and third-party payor (TPP) business segments. In addition, Canada Life becomes the first major Canadian insurer to own and operate a pharmacy benefits manager with national claims-paying technology capabilities.
ClaimSecure will continue to operate as it does today and will remain a distinct entity in the Canadian benefits industry. Over time, both Canada Life and ClaimSecure will benefit from sharing products, services, technology and distribution models.
Canada Life is a leading insurance, wealth management and benefits provider focused on improving the financial, physical and mental well-being of Canadians. For more than 170 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we’ve made.
On January 1, 2020, Great-West Life, London Life and Canada Life became one company – Canada Life, and today, we proudly serve more than 12 million customer relationships from coast to coast to coast.
Great-West Lifeco Inc. is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. We operate in Canada, the United States and Europe under the brands Canada Life, Empower Retirement, Putnam Investments, and Irish Life. At the end of 2020, our companies had approximately 24,500 employees, 205,000 advisor relationships, and thousands of distribution partners – all serving our more than 30 million customer relationships across these regions. Lifeco and its companies have approximately $2.2 trillion in consolidated assets under administration as of June 30, 2021 and are members of the Power Corporation group of companies. Lifeco trades on the Toronto (TSX) Stock Exchange under the ticker symbol GWO. To learn more, visit www.greatwestlifeco.com - Opens in a new window.
Canada Life, IGM Financial and Power Corporation of Canada today announced a donation of $125,000 equally split between the Canadian Red Cross and UNICEF Canada appeals, supporting the critical humanitarian needs following the earthquake that hit the south-east Türkiye and Syria on February 6, 2023.
Canada Life Investment Management Ltd. (CLIML) today announced the results of special meetings held on January 18, 2023, where investor approval was sought for certain fund mergers.
We have once again jointly obtained a court order that enables our 2023 annual meetings to be held, as electronic-only or as hybrid meetings, as determined by each financial institution.