Canada Life Insurance Comparison Ivari Vs Sun Life (2024)

FAQs

Which company is best for life insurance in Canada? ›

The top insurance providers in Canada are Manulife, Canada Life (subsidiary of Great-West Lifeco), Sun Life Financial, Desjardins, and IA Financial Group (aka Industrial Alliance). Smaller insurers include those operating as subsidiaries of banks, such as CIBC Insurance and TD Insurance.

After a transition period, the plan administrator changed from Sun Life to Canada Life on July 1, 2023. On the same day, key improvements to the health care plan were implemented. These benefits were negotiated by the government, public service unions and Federal Retirees, as the pensioner representative.

Is Ivari a good company? Ivari is a well-established insurance company in Canada with a long history and a strong reputation. They have been serving Canadians for over 145 years and are known for their financial strength and reliability. Their average Google star rating is 2.5 out of 5 stars, based on 116 reviews.

Key Takeaways. Manulife Financial is the largest insurance provider in Canada and offers a broad range of financial services.

Canada Life is a subsidiary of Great-West Lifeco. The organizational chart below shows the relationships between Great-West Lifeco and certain of its subsidiaries. Great-West Lifeco beneficially owns, directly or indirectly, 100% of the voting securities of each such subsidiary.

Manulife's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of Manulife. Their current market cap is $35.59B. Sun Life's brand is ranked #306 in the list of Global Top 1000 Brands, as rated by customers of Sun Life. Their current market cap is $29.79B.

We're now part of Phoenix Group

On 3 April 2023, Sun Life Assurance Company of Canada (U.K.) Limited became part of the Phoenix Group.

Is Sun Life Canada a good investment? ›

The highest analyst price target is C$79.85 ,the lowest forecast is C$71.86. The average price target represents 9.19% Increase from the current price of C$69.01. Sun Life Financial Inc.'s analyst rating consensus is a Strong Buy. This is based on the ratings of 9 Wall Streets Analysts.

Canada Life is a subsidiary of the Canada Life Assurance Company and is one of the largest and oldest life insurance companies in the nation. They have a financial strength rating of A+ from AM Best Company and offer some of the best life insurance policies.

Life insurance is a good idea if someone financially depends on you, like your spouse/partner, kids or aging parents. Only some Canadians need life insurance. If you're single, financially independent and don't have large debts like a mortgage, you can probably skip a life insurance policy.