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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

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

Your large-case resources

CPA accounting professionals make up the Financial Underwriting accounting team at Canada Life. Financial underwriting can seem daunting to some advisors, but the team’s goal is to simplify the process. They’re available to assist you with cases or answer questions to help you meet your clients' expectations.

You can find them in head office alongside the underwriting teams. Their years of experience and ability to think ‘outside the box,’ together with your understanding of your clients’ needs, helps to ensure a smooth and efficient underwriting process.

What does the financial underwriting accounting team do?

The financial landscape has changed for high-net-worth clients. We’ve enhanced our financial underwriting processes to meet these evolving needs. Our goal is to speed up the process and put you and your client first.

Over the last several years we’ve strengthened the financial underwriting processes, and we’ll continue to change to meet the challenges of tomorrow. Our team is here to support you and add value for your clients.  We’re typically involved in cases over $25 million of basic death benefit and cases over $10M of basic death benefit when there is a trust, partnership or more than one corporation.  For other cases we assist when our services are requested.  

What services does the financial underwriting accounting team provide?

We support you in packaging your case from the financial perspective. This includes:

  • Personalizing our approach to your client’s specific needs. 
  • Working in tandem with your underwriter.
  • We provide industry leading tools and resources to support you, including:
  • A financial underwriting tool with an intuitive “fill in the blank” approach to ensure all documentation is packaged together. Feel free to contact us for a demo.
  • Third-party accountant letter guidance (when its best to use and what needs to be included).
  • Business value calculator, which is a simplified approach to estimate the value of a business and in turn the insurance need.

We can also provide you with:

  • Presentations with case examples of how we simplify financial underwriting and add value (for both large or small groups)
  • Tips & Tricks article series
  • Preliminary financial underwriting assessments and discussions
  • Clear and concise packaging for reinsurers to try to reduce questions, additional information requests, and turnaround times
  • Virtual meetings with a client’s accountant if requested.

Email the team directly at financial-underwriting@canadalife.com or through your Canada Life wholesaler or your underwriter.  

Thanks for your ongoing support!