Choosing a Life Insurance company that is right for you can be a very difficult task. A full range of products and services available has allowed Assumption Life to grow from their established home in Moncton, New Brunswick to now being active in every province and territory in Canada. Assumption Life wants to help you accomplish the goals you have for your future through sound financial planning. Whether you are planning a family, buying a home, planning for retirement, or considering a family cottage purchase, Assumption Life has been in the business of helping people accomplish their goals since 1903. Over 100 years later Assumption Life is a major player in Canada’s Economy.
Assumption Life Insurance Services and Products
Offering both individuals and businesses financial planning services as well as a very comprehensive list of products that include:
- Life and critical illness insurance for individuals.
- Critical illness, dental, disability, health, and life insurance for group plans.
- Investment Plans. Individual and Business.
- Individual Registered Retirement Savings Plan (RRSPs).
- Group RRSPs.
- Tax-Free Savings Accounts. (TFSAs).
- Registered Retirement Income Funds (RRIFs).
- Locked-In Retirement Accounts (LIRAs).
- Life Income Funds (LIFs).
- Pension Plans.
- Multi-Employer plan.
- Mortgage Loans. Residential and Commercial.
- Segregated Funds.
- Guaranteed Investment Accounts (GIAs).
- Online Access. Secure access to your personal or business account 24 hours a day.
Offering great rates and the ability to choose a policy and a plan that suits your budget and lifestyle.
Assumption Life also provides accessibility technology for those who may require additional help accessing online services through the assistance of the eSSential AccessibilityTM program. The assumption has a long and thriving history of community involvement and support such as this as well as a very generous scholarship program, charity sponsorship, and donation programs. With a focus on education and health and wellness, in 2015 6% of the company’s net profit was donated to the community through direct and human capital means.
Assumption Life Insurance Market Strength and Reliability
A.M. Best, one of the world’s most highly regarded credit rating agencies serving the insurance industry rated Assumption Life an A- (Excellent) rating for the 17th consecutive year. Crediting the company’s rating to the financial results and adequate capitalization it has achieved, as well as its many holdings. Having raised the corporate profile to over 230 employees and growing, Assumption Life was ranked 9th out of Canada’s Top 101 Companies in Atlantic Canada 2015 by Progress Magazine.
Assumption Life has a solvency ratio of 239%, a percentage well above the Office of Financial Institutions Canada’s minimum requirement of 150% solvency. Record sales have been recorded in all three major divisions in 2015 and 2016. Based on current success and performance Assumption Life plans to double its size in Canada by the year 2020 maintaining strength in the investment, insurance, and retirement solutions promoting financial growth.
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