Facts & Information Page:
Assumption Life - Canada
Canadian Money Advisor Rank
Product Names
Product Name
Assumption Life Flexterm
Assumption Life T-10 Plus
Assumption Life Youth Plus
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COMPANY INFORMATION AND BIOGRAPHY:
Assumption Life Insurance has been in the business since 1903. Over the years, the assets and number of policyholders have increased. The goal of providing 10,000 policies was reached in 1929, and company assets totaled $1 million in 1938. After twenty years from that period, La Société l'Assomption had $100 million in life insurance policies in force. La Société l’Assomption has constantly been a leader in the fight to uphold the rights of Acadians in the Maritimes and beyond. The company's senior managers have been aggressively involved in movements looking to grant Acadians with the tools they require getting ahead. Historic causes were also of great significance. In 1969, the fraternal society turn out to be a mutual insurance company and adopted the name Assomption Compagnie Mutuelle d’Assurance-Vie. This transformation also made it possible for Assumption Life to attain new heights in its development, including the establishment, in the early 1990s, of Louisbourg Investments Inc., an investment management firm. Over the past century, the company has unquestionably develop into a key player in Atlantic Canada's economy, with over 75,000 policies in force and managing assets worth $1 022 932 000 in 2009. At present, Assumption Life's goal is to create itself as a leader in the area of financial security. They are working industriously toward this common objective that is to be the best at what they do.
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Product Name
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Product Description
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| Assumption Life Flexterm |
Your Financial Protection Desires Are Increasing, Regardless Of The Fact That You Are Living On A Fixed Budget. You Are Paying Off A Home Or Business Mortgage, Plus A Car Loan, All While Trying To Put Aside Some Money Or Pay Off Your Children’s Education. T-10 Plus, Our 10-year Term Life Insurance, Can Offer You With The Extra Financial Security You Want With No Additional Fee. T-10 Plus Is For People Aged 18 To 65. The Initial Premium Stays The Same For Ten Years. Automatic Renewal Will Happen Every Ten Years Until Reaching The Age Of 80. At The Time Of Renewal, Premiums Will Be Adjusted Depending Of Your Age. You May Convert Your Existing Insurance Into A Permanent Life Insurance Until The Age Of 65. You Are Guaranteed With Death Benefit, That Is, The Full Amount For Which You Are Insured Is Guaranteed And Will Not Decrease During Your 10-year Period.
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| Assumption Life T-10 Plus |
Your Financial Protection Desires Are Increasing, Regardless Of The Fact That You Are Living On A Fixed Budget. You Are Paying Off A Home Or Business Mortgage, Plus A Car Loan, All While Trying To Put Aside Some Money Or Pay Off Your Children’s Education. T-10 Plus, Our 10-year Term Life Insurance, Can Offer You With The Extra Financial Security You Want With No Additional Fee. T-10 Plus Is For People Aged 18 To 65. The Initial Premium Stays The Same For Ten Years. Automatic Renewal Will Happen Every Ten Years Until Reaching The Age Of 80. At The Time Of Renewal, Premiums Will Be Adjusted Depending Of Your Age. You May Convert Your Existing Insurance Into A Permanent Life Insurance Until The Age Of 65. You Are Guaranteed With Death Benefit, That Is, The Full Amount For Which You Are Insured Is Guaranteed And Will Not Decrease During Your 10-year Period.
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| Assumption Life Youth Plus |
Having All The Responsibilities As A Parent, Getting Your Young Children Their First Insurance Policy Is Most Likely Not Among Your Main Concerns. As Tedious As This Topic May Be, Acquiring Insurance At An Early Age For Your Children Could Make Their Lives Much Easier In Many Respects. Assumption Life’s Term Youth Plus Life Insurance Grants Coverage Up To 25 Years Of Age. This Shows That Your Young Adults Will Be Able To Focus On Their Studies Or Prepare For A Career Rather Than Worrying With Regards In Procuring A Life Insurance. Youth Plus Also Offers Your Children With Guaranteed Insurability. Thus, They Can Continue Their Coverage Even If They Develop Certain Health Problems. This Particular Guaranteed Insurability Allows Your Children, Once They Reach 25, To Change Youth Plus Into Permanent Or Term Life Insurance Regardless Of Their State Of Health And Would Not Need Any Proof Of Insurability. Moreover, Youth Plus Provides A Living Benefit If Incase Your Child Happen To Be Ill, Allowing You Access Part Of The Policy’s Face Amount In Order That You May Care For Your Child Without Draining Your Financial Resources.
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