The Best 2 Insurance Company In Canada

The Best 2 Insurance Company In Canada

1. Assumption Life Insurance:

It is the top life insurance company to choose from in Canada. Assumption life insurance company is well-known for providing the best term plans which are both simple and flexible. Assumption life provides different kinds of non-medical term plans. At present, Assumption medical is offering 5 types of Non-medical term plans which include Flex Term plan, Non-Medical Term plan, Non-medical Term plus plan, Youth plus, and Flex option. All of these plans have unique peculiarities. For Example, in Flex term plan, disability insurance, critical, and illness is combined in one coverage. This plan is for the people of age range in 10-30 years. This plan is renewable and you can convert this plan to other plans also. Youth Plus is the best option offered by Assumption to its customers. This plan is specific for the children of 1-17 years ages.

Pros:

  • Good AM Best financial ratings.
  • The whole process is quick, easy, and online.
  • Facility of changing short term plans into long term plans.
  • Offering the best Non-medical term insurance plans.

Cons:

  • All the work related to policies is on paper not digital.

2. Manulife Insurance:

Company is the second-best life insurance company, which is serving the Canadians with its best life insurance plans. Manulife is offering different kinds of term life policies at present. These term life policies include,

  • CoverMe term life
  • CoverMe easy issue
  • Manulife quick easy

Manulife is also offering business term plans to protect and save your business from any kind of difficulties. You can increase your coverage according to the growth of your business. It is a remarkable plan. Manulife company is also offering permanent life customers. This plan includes lifelong coverage. There are two types of permanent life insurance offered by Manulife, Whole life and universal life. Both of these types of life include all types of death benefits.

Pros:

  • A+ AM Best ratings.
  • Offers both short term and long-term products.
  • Offers a unique term life policy which is known as Term 100 for the people of ages 60-85 years.

Cons:

  • Some term life policies are expensive than other life companies.

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