Canada Life: verified facts and rating
Licensed since: 1847 Checked 2026-10-30
Score breakdown
61% backed by facts · How we rank
Canada Life against the market
The dot is the company, the line is the median of all companies in this ranking.
Retail lines offered (of 6)262 · median 4.5
Canada Life strengths and weaknesses
Pros
- Long track record as a licensed insurer
- Publishes annual financial reports
- Claims can be reported online
- Part of a banking or insurance group
Cons
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All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Licensed since | 1847 | canadalife.com | 2026-10-30 |
| Buy a policy online | Not verified | — | |
| Rating from a rating agency | Not verified | — | |
| Financial reports online | Yes | canadalife.com | 2026-10-30 |
| Part of a group | Yes | canadalife.com | 2026-10-30 |
| Report a claim online | Yes | canadalife.com | 2026-10-30 |
| Mobile app | Not verified | — | |
| Claims settlement deadline stated by the insurer | Not verified | — | |
| 24/7 phone line | Not verified | — | |
| Offices in the country | Not verified | — | |
| Retail lines offered (of 6) | 2 | canadalife.com | 2026-10-30 |
| Policy terms online | Not verified | — | |
| Complaints procedure published | Yes | canadalife.com | 2026-10-30 |
| Calculator or tariffs | Yes | canadalife.com | 2026-10-30 |