Facts & Information Page:
Industrial Alliance Pacific Life - Canada

Canadian Money Advisor Rank

Product Names

Product Name


Industrial Alliance Genesis Universal Life Insurance

Industrial Alliance Term Life Insurance

Industrial Alliance Whole Life Insurance

COMPANY CONTACT INFORMATION:

Industrial Alliance Pacific Life
2165 Broadway West P.O. Box 5900
Vancouver, BC V6B 5H6
Website:http://www.iaplife.com

Customer Service Phone: (604) 734-1667
Customer Service Fax:(604) 734-8221
Contact's Phone:(418) 684-5000
COMPANY INFORMATION AND BIOGRAPHY:

Industrial-Alliance Pacific Life Insurance Company which was previously North West Life is now owned by Industrial Alliance Insurance and Financial Services Inc., and is an insurance company operating in Canada and western U.S. The company has three main branches, each with their own products which are the Personal Financial Services Division, the Special Markets Group and the SAL Group.

The Personal Financial Services has a range of insurance and investment products for individuals, the Special Markets Group offers different insurance schemes for groups, organizations and students, while the SAL group grants insurance and protection methods for all type of vehicles. The company also has a branch in the U.S. which presents variety of life insurance and planning products.

The Special Markets Group, as the name mean, specializes in meeting the exclusive requirements and needs of people and organizations that are frequently ignored by other insurance companies. These comprise students, firefighters, volunteer associations, employees of different financial organizations and those who work under special, at times unsafe, circumstances.

The Special Markets Group has different products to cover the insured members in case of a critical illness, accidental death or hospitalization. Also, Canadian workers employed outside their province or the country, and foreigners who are not qualified for state or provincial health care can be insured through Industrial Alliance.

Product Name Product Description
Industrial Alliance Genesis Universal Life Insurance Term life insurance provides you coverage for a pre-determined period, at a reasonable price. If your death takes place during the selected period, your loved ones get a tax-free benefit. If you consider the Term Life Insurance, you will most likely have financial obligations akin to a mortgage or a personal loan. Life and disability insurance gives you peace of mind knowing that your loved ones will not have financial worries in case of your premature death. The term insurance can also cover Student loans, Mortgage loans and Personal loans.

For your family, you will enjoy the happiness experience by your family. Peace of mind is indispensable. Only life insurance can give you with an instant estate that would permit your loved ones to go on with their lives. Term life insurance could arrange for your family to have temporary income, for the time it takes to get on with their lives. It can provide for your children’s education so that they could pursue their studies in case of your premature death. As a single parent, give your children the necessary financial resources to carry them into adulthood.

For your business, owning a business means investing finances and time without counting the hours you put in. Building a successful business often represents your life’s work. Term life insurance could Finance a buy-sell agreement, insure one of your key employees, and meet the demands of your creditors concerning your financial obligations.

Features and Advantages of the two types of term coverage are available. For a 10- or 20-year term, it is possible to renew your coverage or to convert it to whole life coverage without a medical exam. The second type is the Pick-A-Term. Pick-A-Term differs from other coverage by the length of its term. You determine the desired duration of coverage between 10 and 40 years, according to your individual needs. In this way, you get the right coverage at the right price for your situation. If for one reason or another you need coverage for longer than you thought, you can renew your coverage annually at a reasonably-priced premium.
Industrial Alliance Term Life Insurance Term life insurance provides you coverage for a pre-determined period, at a reasonable price. If your death takes place during the selected period, your loved ones get a tax-free benefit. If you consider the Term Life Insurance, you will most likely have financial obligations akin to a mortgage or a personal loan. Life and disability insurance gives you peace of mind knowing that your loved ones will not have financial worries in case of your premature death. The term insurance can also cover Student loans, Mortgage loans and Personal loans.

For your family, you will enjoy the happiness experience by your family. Peace of mind is indispensable. Only life insurance can give you with an instant estate that would permit your loved ones to go on with their lives. Term life insurance could arrange for your family to have temporary income, for the time it takes to get on with their lives. It can provide for your children’s education so that they could pursue their studies in case of your premature death. As a single parent, give your children the necessary financial resources to carry them into adulthood.

For your business, owning a business means investing finances and time without counting the hours you put in. Building a successful business often represents your life’s work. Term life insurance could Finance a buy-sell agreement, insure one of your key employees, and meet the demands of your creditors concerning your financial obligations.

Features and Advantages of the two types of term coverage are available. For a 10- or 20-year term, it is possible to renew your coverage or to convert it to whole life coverage without a medical exam. The second type is the Pick-A-Term. Pick-A-Term differs from other coverage by the length of its term. You determine the desired duration of coverage between 10 and 40 years, according to your individual needs. In this way, you get the right coverage at the right price for your situation. If for one reason or another you need coverage for longer than you thought, you can renew your coverage annually at a reasonably-priced premium.
Industrial Alliance Whole Life Insurance Every stage in life has its joys and its difficulties. This was true for your parents and their parents before them, and it will be equally true for your children. Luckily, there is a way to stay happy and to enjoy life without worries. Good financial planning, in which insurance plays a key role. For a complete insurance solution that adapts to your situation as your needs evolve over the years, we offer you whole and term life insurance coverage, in a single contract for all insured persons. So it’s easy for you to take stock of your insurance coverage: a single premium, a single fee and a flexible contract.

For you, Whole life insurance is a good option for all stages in life. You choose the payment period, you are insured for your entire life and it also provides surrender values. For your family, nothing can replace the loss of a loved one. But it’s comforting to know that your loved ones will have the necessary financial support to help them carry on, no matter what. Whole life insurance protects your loved ones’ financial security for their entire lives. For your children, insurance coverage is also a precious gift to give to your children.

By subscribing to coverage at a low price because of their youth, you guarantee them coverage that they can adapt to their needs as they get older. For your business, your business is your life’s investment, so you want to protect it. To guarantee its continuity, either by financing the purchase of a partner’s shares or giving your heirs the necessary time and assistance to find the right buyer, whole life insurance helps to avoid unpleasant surprises and helps keep your business prosperous.

Features and Advantages of your premiums, your face amount and the surrender values are guaranteed. No surprises, no worries with your Payment options. You can choose to pay up your premiums in 10, 15, 20 or even 30 years, up to age 65 or even up to age 100. So you can set up a budget according to your priorities. Surrender values are available starting in the 11th year of the contract and they continue to increase with time, allowing the accumulation of a fund that can be used as needed.

Advantages for children, for all coverage issued between age 0 and 20, we offer a guarantee that once an adult, and the insured can increase his coverage, regardless of his state of health. Healthy living is profitable. Insured children age 0 to 14 benefits from a 40% increase in their initial coverage beginning in adolescence if they meet certain health criteria all at no additional cost. Coverage is grouped in a single contract to reduce multiple administrative fees. They can benefit from preferred underwriting and obtain a lower premium.