Over its long history, Ivari (formerly Transamerica) has helped millions of Canadians make informed financial and insurance decisions. It has approximately 18,000 representatives in Canada today who strive to offer innovative, customized and affordable solutions.
Transamerica Life Canada changed its title to Ivari in 2015. Wilton Re, owned by its management and CPPIB – Canadian Pension Plan Investment Board purchased the company from Aegon for $600million. Wilton Re is a reinsurance company that specializes in managing investment and mortality risk. Independent advisors can offer a variety of critical illness and life insurance plans from Ivari.
Big news in 2022 was that Wilton Re Ltd. (Wilton Re) announced that it has entered into an agreement to sell Toronto-based life insurance company ivari to Sagicor Financial Company Ltd. (Sagicor), an insurance group company. This deal is expected to close in 2023
You can be confident that your investment is safe when you purchase a policy through ivari. ivari was awarded the A+ rating by credit-rating agency AM Best for 2021.
If you are looking for a company that gives back, Ivari is a funder of charities dedicated to fighting heart disease, stroke, and cancer. They match dollars raised by employees during the annual fundraising campaign. To raise funds for local United Way chapters, they also host events throughout the year.
Ivari offers a wide range of term policies at standard and preferred rates.
Ivari’s term 30-policy has a unique paid up option.
There are no policies for disability insurance.
There are no whole-of-life policies that can be taken part.
Ivari Life Insurance Products
The 10-year term product is perfect for layering with other Ivari life insurance products. If you are looking for insurance protection that lasts a few years to cover specific debts, such as your mortgage or start-up costs, or a cost-effective option, the Term 10 product may be a good fit.
The 20-year term product is perfect for people who need to replace income or pay off debts such as loans or mortgages. This product is a great option for those looking for affordable, flexible insurance that can be customized to suit their needs. It also works well for business owners who need to cover overhead and start-up costs.
TERMSelect 30 by ivari is an innovative term offering. It offers three options from the 15th coverage Anniversary through the 20th coverage Anniversary.
Ivari offers life Insurance as well as Critical Illness Insurance. There are two options available: either 4-condition coverage (covers approximately 85% of possible claim causes) or 25-condition coverage. These conditions are covered along with 21 other conditions, such as blindness, severe burns and loss of speech. This policy may be right for you if you’re looking for comprehensive coverage for critical illnesses.