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Our online life insurance price calculator also contains rating information from A.M. Best ratings. These ratings are developed and released by the A.M. Best company in the U.S.
Insurance companies pay to be evaluated and receive these ratings. As a result when you see a company listed that does not have a rating it simply means that they have declined to pay A.M. Best to receive a rating.
It's our approach that Canadian life insurance companies are fundamentally sound. Federal and provincial governments place restrictions on and monitor Canadian insurers and we believe they do an excellent job at this. Certainly in many cases such regulation could be burdensome, but in this case the government monitoring and regulations in fact ensures that Canadians are well protected.
In addition, Canadians have access to Assuris. Assuris is an organization formed by Canadian insurance companies where they jointly guarantee within limits, insurance policies from other Assuris members. Should an Assuris member fail, the other Canadian insurance companies will step in, provide funding needed for any guarantees in place by Assuris, and then work to find a purchaser for the life insurance company that failed.
Ultimately, we provide life insurance company ratings by A.M. Best for information for our visitors. However we believe that all Canadian insurance companies are stable and well funded. |
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Instant Canadian life insurance quote on prices
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