Great West Life Insurance Review

Great West Life is an insurer that has been proclaimed to help Canadians reach their security needs in terms of finance. Their history goes back more than 100 years with a range of products in their portfolio including investment, retirement savings, and insurance.

Seeing their list of individual products, it came to terms with me that their products rested in the grounds of life covers. There was only four different plans to choose from which I thought was an adequate amount.

Life insurance being the first one, there are four different options. The first two are the usual term life insurance and permanent life insurance. But what caught my attention is the fact that there are two more in the selections, some that were quite uncommon including participating life insurance and universal life insurance.

I discovered the participating life insurance is also known as whole life insurance and enables you to permanently have your life protection in place to make sure you get a peace of mind. The universal life insurance is the traditional life insurance with a tax-advantaged investment aspect. This means you can select an investment mix.

Disability insurance was also quite similar. There are several products to choose form including insurance for professionals, business owners, employees, business owners, employees as well as a low cost option for people that are seasonal workers or those that works at home.

In the critical illness option, coverage can be obtained for different life stages. The one thing that opened my eyes is the that there are plans for adults as well as children. In the adult cover, up to $1,000,000 can be covered which I thought is an astonishing amount. There is also the choice to either choose a coverage that is level or decreasing. Another important thing to see is that this plan includes all the common illnesses like heart attack, cancer and stroke.

Lastly, the four is health and dental insurance, which can be used to claim on a number of treatment. As I can see, this is a great way for Canadians to have their health in great care while paying less of the expenses. The solutions that can be taken out includes plans for individuals, families, as well as people that are aged 50 above and people that have retired.

To see more about Great West Life Insurance and view their products under both personal and business categories, make sure you have a look at their website.

Great West Life Insurance has been rated 4 out of 5 by Insurance Reviews.