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Assumption Life Insights

Assumption Life

Assumption Life Canada

If you are looking for a reliable and trusted life insurance provider in Canada, look no further than Assumption Life. With a commitment to resolving complaints and protecting privacy, Assumption Life offers a variety of life insurance products to meet individual needs. Whether you need term insurance, permanent insurance, living benefits, or participating life insurance, their authorized advisors can help you find the best fit for your unique situation.

Assumption Life has been serving Canadians for over 110 years and has built a strong reputation for personalized customer service and quality investment products. Their team is dedicated to helping you manage and learn about your insurance products through various tools and resources. In this article, we will explore the history of Assumption Life Canada, the products and services they offer, as well as why they have become a trusted name in Canadian insurance.

Key Takeaways

  • Assumption Life is a reliable and trusted life insurance provider in Canada with over 110 years of experience.
  • They offer a variety of life insurance products, both term and permanent, with living benefits and participating options that pay out dividends.
  • The company prioritizes personalized customer service, taking time to understand financial goals and risk tolerance to provide tailored solutions.
  • Assumption Life offers several investment options for retirement planning and wealth accumulation, with professional advice from authorized advisors and a commitment to building long-term relationships with clients.

A History of Assumption Life Canada

Assumption Life, which does business as Assumption Mutual Life Insurance Company, has a rich history in providing tailored life insurance products and committed service to Canadians. The company was founded in 1903 by a group of Acadian businessmen who were seeking to establish a mutual aid society. Initially known as Société l’Assomption, the company was later renamed Assumption Life.

Throughout its history, Assumption Life has achieved many notable milestones. In the 1950s, the company expanded its product offerings to include individual life insurance policies. In the 1980s, it became one of the first Canadian insurers to offer universal life insurance. More recently, Assumption Life has been recognized for its commitment to corporate social responsibility and sustainability.

Over the years, key executives have played an important role in shaping Assumption Life’s success. One such executive was Gérald Leblanc, who served as President and CEO from 1998 until his retirement in 2017. Under his leadership, the company grew significantly and expanded into new markets across Canada.

Today, Assumption Life continues to make an impact on the Canadian insurance industry through its innovative products and services. With over a century of experience behind it, this trusted insurer remains committed to meeting the evolving needs of Canadians with personalized solutions that provide peace of mind and financial security for themselves and their loved ones.

Products and Services Offered by Assumption Life

One can choose from a variety of life insurance products and services offered by Assumption Life that cater to individual needs and preferences. Whether you’re looking for living benefits, participating policies, term vs permanent, tailored options, or tax-free benefits, there’s a product that suits your financial goals.

Assumption Life offers both term and permanent life insurance products. Term insurance covers financial obligations for a chosen number of years (ranging from 10 to 35 years), while permanent insurance offers lifetime coverage. You can tailor the policy to fit your specific needs — whether it’s providing protection for your family or building up cash value over time.

Living benefits are another feature of Assumption Life’s life insurance offerings. These benefits provide protection while still living and can help cover unexpected expenses such as medical bills or loss of income due to disability. Participating life insurance pays out dividends which can increase cash flow, reduce insurance cost, or accumulate for a larger payout in the future – providing additional financial flexibility and security.

Personalized Customer Service at Assumption Life

You’ll experience personalized customer service at Assumption Life, where expert advisors will work with you to find the best life insurance product for your specific needs and preferences. The company’s authorized advisors are dedicated to providing top-notch customer support that caters to your unique requirements. They take the time to understand your financial goals, risk tolerance, and other factors that impact your insurance decision.

The benefits of personalized service at Assumption Life go beyond simply finding the right policy. With tailored insurance plans, you can rest assured that you have adequate coverage in case of unexpected events. This not only provides peace of mind but also ensures the financial security and well-being of your loved ones. Working with authorized advisors also means that you have access to various tools and resources that can help you manage and learn more about different life insurance products.

Customer satisfaction is a top priority at Assumption Life, which is why the company strives to provide excellent service every step of the way. Whether it’s answering questions or providing guidance on claims processing, their team is committed to ensuring a seamless experience for customers. So if you’re looking for reliable life insurance coverage that meets your specific needs, consider working with Assumption Life’s authorized advisors who can guide you through each stage of the process with expertise and care.

An Overview of Assumption Life’s Investment Products

Get ready to explore the exciting world of investment products offered by Assumption Life! As a reputable life insurance provider, Assumption Life also offers several investment options to help you with your retirement planning and wealth accumulation goals. Investing can be overwhelming, but with Assumption Life’s investment products, you can ensure that you are on the right track towards financial success.

Assumption Life offers a range of funds for portfolio diversification, each with unique features designed to meet individual needs. These funds include equity funds, bond funds, balanced funds, and specialty funds. The equity fund is an excellent option for those who want to invest in stocks and shares of companies listed on the stock exchange. Bond funds are ideal for individuals looking for fixed income investments or those who prefer less volatility in their portfolio. Balanced funds offer a mix of both equity and bond investments, while specialty funds cater to specific market segments such as real estate or natural resources.

As part of risk management measures, it is essential to understand that investing comes with risks. However, Assumption Life ensures its customers that they have access to professional advice from authorized advisors who can guide them through their investment journey. Retirement planning requires careful consideration when choosing an investment product because it is meant for long-term growth. With Assumption Life’s investment options, you can rest assured that your retirement planning goals will be met efficiently and effectively.

If you’re looking for an easy way into investing or seeking assistance in managing your investments wisely while ensuring your family’s future security? Look no further than Assumption Life’s Investment Products! They offer diverse options tailored explicitly for different customer needs like risk management strategies through portfolio diversification paired with personalized guidance from authorized advisors- making sure all bases are covered so that you can enjoy peace-of-mind knowing your financial well-being is taken care of professionally and securely!

Why Assumption Life is a Trusted Name in Canadian Insurance

As a reliable insurance provider with a proven track record, it’s no wonder that Assumption Life has earned the trust of many Canadians. One reason for this is their financial stability. With over 110 years in the industry, they have consistently demonstrated strong financial performance and have maintained an excellent credit rating. This assures customers that their policies will be backed by a stable and secure company.

Another factor contributing to Assumption Life’s reputation is their commitment to customer satisfaction. They prioritize building long-term relationships with clients by providing personalized service and tailored solutions based on individual needs. Their authorized advisors are knowledgeable and dedicated to helping customers find the best life insurance product for them.

Assumption Life has also gained recognition within the industry for their innovative approach to insurance products. They offer a range of options, including living benefits and participating life insurance, which provide additional financial benefits to policyholders. Additionally, they are involved in community initiatives, supporting various organizations through donations and volunteer work. All of these factors contribute to why Assumption Life is considered a trusted name in Canadian insurance.

Frequently Asked Questions

What is the process for filing a life insurance claim with Assumption Life?

To file a life insurance claim with any company, you need to provide claim documentation, including the death certificate. The claims investigation will review the beneficiary designation and process the claim payout accordingly.

How does Assumption Life determine the premiums for their life insurance products?

Assumption Life determines premiums for their life insurance products through the underwriting process, which includes risk assessment based on factors such as age, gender, health history, and lifestyle habits. Medical exams may be required for certain policies. Customization options can also affect pricing.

Are there any restrictions on who can apply for Assumption Life’s life insurance products?

To apply for life insurance, you must meet eligibility requirements and undergo underwriting criteria. Exclusions and limitations may apply based on medical requirements. The application process involves submitting necessary documentation and completing a medical exam if required.

What is the process for canceling or changing a life insurance policy with Assumption Life?

To cancel or change a life insurance policy, contact your provider to begin the process. They will guide you through the cancellation or change process, provide information on policy termination and premium refunds, and discuss renewal options.

Does Assumption Life offer any discounts or special promotions for their life insurance products?

Assumption Life offers discount eligibility and promotional offers for their life insurance products. They offer a variety of coverage options, customizable policies, and a streamlined underwriting process to ensure you get the best value for your investment.

 

Address:

Assumption Life
770 Main Street
P.O. Box 160
Moncton, New Brunswick
E1C 8L1

Toll Free: 1-800-455-7337
Phone: 506-853-6040
Fax: 506-853-5428

Web Address: assumption.ca
Email Addresscustomer.inquiries@assumption.ca


Assumption Life Insurance

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