Skip to main content

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

Your web browser is out-of-date. For the best experience, please update to a modern browser like Chrome, Edge, Safari or Mozilla Firefox.

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

Estate protection is a way to know your hard-earned legacy will be passed on to the people and causes you care about. It helps you protect and potentially grow your wealth, secure a smooth estate transition and avoid unnecessary fees in the process.  

The actual amount of money your family or charity of choice receives after your death depends fully on the fees, taxes, and handling charges for its transfer. Here’s what might chip away at your investment without protection:

Guarantees can be reduced by withdrawals, including taxes, short-term trading fees and any other applicable charges. In Saskatchewan, executors must disclose all known life insurance policies owned by the deceased, including segregated fund policies. They must list the insurance company, policy number, designated beneficiaries and the value at the date of death.

More on retirement

Related to retirement