is sun life and minnesota life insurance the same thing

It’s true, Canadian Premier has paid out 99% of all claims by beneficiaries for term life insurance as of Septem(based on its group creditor protection line of business). Canadian Premier has paid 99% of term life insurance claims since 2019* AM Best Financial Strength Rating: A (Excellent)***ĪM Best’s Financial Strength rating for Canadian Premier is an A.Ī strong “A” financial rating is given to insurance companies that have “an excellent ability to meet their ongoing insurance obligations.” Meaning: you won’t have to worry about your life insurance claim not paying out.ĪM Best is the largest credit rating agency in the world and it specializes in the insurance industry.

One final point: Canadian Premier is a federally-regulated and wholly-owned subsidiary of Securian Financial, one of North America's most reputable insurance companies with $1.4 trillion of life insurance in force (as of December 31, 2020). Meaning: the life insurance industry in Canada is stable and strong.Īccording to industry body CLHIA, 90% of insurer’s assets in Canada are held in long-term investments which support the Canadian economy and governments, including $55B in infrastructure investments. Government regulators require a 100% capital ratio, meaning they have sufficient capital reserves to cover potential claims from policyholders. It also has a very healthy $330M in total assets. In operation for over 60 years, Canadian Premier insures over two million people and their families across Canada. The company is well-established with a long history in Canada

Pros of Canadian Premier Life Insurance Company 1. Still, we can still look at the advantages and disadvantages of getting a life insurance policy backed by Canadian Premier. Since Canadian Premier doesn’t sell life insurance directly to consumers, individual policies prices and features will depend on the administrator. Pros and cons of Canadian Premier Life Insurance Company

Is sun life and minnesota life insurance the same thing