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Union of Canada Life Insurance details

Union of Canada has been writing life and accident insurance business since 186 actively in four Canadian provinces and, through election, worldwide. We are the only wholly Canadian owned life and accident mutual insurer incorporated in Ontario and currently write individual Life, Accident Insurance, both registered and unregistered Annuities, Mortgage Insurance as well as mortgage loans and RRSPs.

Union of Canada financial stats:

  • Inforce insurance exceeding $1,000,000,000 (Life, Accident, Group and Annuities)
  • Gross annual revenue exceeding $11,000,000
  • Gross annual life insurance premiums approximately $7,000,000
  • Over 85% of its bondholdings in top quality securities
  • Union Life of Canada is a member of CLHIA and ASSURIS, and CMHC approved lender, and has solvency that greatly exceeds the insurers' average and surplus exceeds Financial Services Commission of Ontario and ASSURIS MCCSR requirements

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