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.

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Canada Life partner Vince Childers of Cohen & Steers discusses the opportunities of real assets during an unpredictable inflation environment

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With interest rates rising and market volatility, it's time to revisit an old dilemma

FSRA revokes insurance agent's licence over misconduct

He was found to have engaged in unfair or deceptive practices

Estate denied $218K life insurance as deceased was committing a criminal offence

Appeal court judge upholds decisions to reject life insurance claims

Canada Life completes wealth offering trifecta with Value Partners acquisition

Financial services giant furthers commitment to independent advisors with latest deal for Winnipeg-based investment firm

Win more business with Canada Life’s Advanced and Premier Underwriting Teams

A dedicated partner for large cases, the underwriting teams are highly experienced individual insurance underwriters who specialize in providing the best offer to your clients

Canada Life doubles down on independent wealth push

Storied insurer unveils agreement to acquire fast-growing Winnipeg-based investment firm

Canada Life cuts ties with fund firm over sexual allegations

The firm has ended any relationship with UK firm Odey Asset Management following serious allegations made by 13 women

Leverage expertise from around the world with a multi-manager approach

The company's Portfolio Solutions Group (PSG) is posting eye-catching returns while helping retail investors leverage the power of top-tier investment partners

It’s not timing the market, it’s time IN the market

Patrick Russel of Northcape Capital discusses the long-term opportunities in developing countries