Canada Life

Office address: 330 University Ave, Toronto, Ontario, M5G 1R8
Year established: 1847
Company type: insurance, investments, financial services, asset management
Employees: 11,763
Expertise: insurance
Parent company: Great-West Lifeco
CEO and key people:  Paul A. Mahon, President and CEO
Financing Status: acquired/merged

Canada Life has been a leading provider of financial products and services in Canada for the past 175 years. Canada Life is a trusted partner for Canadians seeking to grow and protect their wealth.

History of Canada Life 

Canada Life, the nation’s first local life insurance company, was established in 1847.  It has since grown to become one of the largest insurance and wealth management companies in Canada.

 In 2020, the Canada Life, London Life, and Great-West Life came together to become one company, now known as the Canada Life Assurance Company™.

Over the years, Canada Life has built a strong reputation for delivering innovative financial solutions and exceptional client service.

Products and Services of Canada Life

Canada Life offers a range of investment solutions and financial services to help clients achieve their financial goals. These include:

  • mutual funds
  • segregated funds
  • guaranteed investment certificates (GICs)
  • retirement and financial planning

Culture at Canada Life

Canada Life has a culture that is focused on delivering exceptional client service and building long-term relationships with clients. The company is committed to providing innovative financial solutions that meet the unique needs of each client. Canada Life has a reputation for its deep expertise in a range of investment strategies and asset classes.

About Canada Life President and CEO Paul A. Mahon

Canada Life is led by a team of experienced executives who are committed to delivering exceptional client service and driving innovation in the financial services industry. President and CEO Paul A. Mahon is a seasoned executive with deep expertise in the financial services industry. He has been with the organization his entire career, having joined Great Life after graduating from the University of Manitoba in 1986. Mr. Mahon has played a key role in Canada Life's growth and success over the years.

Future of Canada Life

Canada Life is a leading provider of financial products and services in Canada. With a focus on delivering innovative investment solutions and exceptional client service, Canada Life is a trusted partner for Canadians seeking to grow and protect their wealth.

With experienced leadership and a strong culture, Canada Life is well-positioned to continue to innovate and succeed in the years ahead.

CIRO bans dealer rep, fines $300K for multiple violations

Former Sun Life representative engaged in unauthorized outside activity

RBC has larger market cap, but TD is Canada's most valuable brand

The latest analysis of brand value puts Canada's big five banks among top 10

“One stock in, one stock out”; this exclusive club sticks to 30

Spanning world wars: Bo Knudsen unpacks C WorldWide Asset Management's strategy for sustained growth through focused portfolios and thematic insights

The case for staying the course with Chinese equities

Irish Life asserts the current valuations of Chinese equities reflect past challenges, anticipate continued GDP growth

PSAC files grievance over health benefits transition

PSAC demands compensation for members affected by the problematic switch to Canada Life for health benefits

The bond renaissance

Katherine Klingensmith of Brandywine Global on investing in a market poised for inflation’s retreat and interest rate reversals

Canada Life’s Jeff Macoun stepping down

Leading insurance and wealth management provider will see new president and COO by mid-February

How philanthropic Canadians can recycle their old life insurance policies

Use existing policies to create charitable legacies and save taxes, say experts

Unearthing value opportunities in the unpredictable American equity terrain

Putnam Investment's Lauren DeMore provides insights on the U.S. economy's challenges and the silver lining in value investing

Philanthropic Canadians still unaware of life insurance opportunity

Many options to maximize tax savings on charity are being left on the table, says charitable giving expert