Network Partner Profile

  • Established in 1891 in Winnipeg, Manitoba, Canada.
  • Subsidiary of Great-West Lifeco Inc., a financial services holding company with interests in the life and health insurance, retirement savings, investment management and reinsurance businesses.
  • Great-West Lifeco Inc. and its subsidiaries have more than CAD 524 billion in assets under administration, and are members of the Power Financial Corporation group of companies.
  • Great-West Life services more than 30,000 employee benefit plan sponsors.
  • Premium and deposits for group life and health insurance reached over CAD 7.2 billion in 2011, with a market share of 22.1%.
  • Great-West Life offers a broad spectrum of benefits solutions for organisations of all sizes.
  • Ratings in 2012: AA by Fitch and A+ by A.M. Best.
  • Member of the Swiss Life Network since 1977.

Special Advantages

  • The company’s scale and low unit costs place it in a strong position to help organisations provide attractive and cost effective benefit programmes.
  • Offers sophisticated disability management services, including disability management consultants who can assist plan sponsors in the design and implementation of absence management, workplace safety and claim management programmes.
  • First Canadian insurance company to introduce internet-based reporting and administration services for plan sponsors. GroupNet services include the ability of plan sponsors to manage their plans, through online updating of records and creation of customised reports.
  • Internet-based services for plan members provide self service access to plan information and access to a library of health and wellness information.

Special Advantages

  • Wide range of life insurance products, as well as P&C insurance products
  • Volume discounts on premiums in group business
  • Monthly, quarterly and annual premium payments
  • Attractive local dividends paid out in cash
  • Attractive assistance package
  • Attractive free cover limits for multinationals
  • Coverage for retired employees available
  • Coverage for spouses available

Group Coverages and Products

Types of Employee Benefits - Coverage available and poolable:

  • Group Life
  • Disability (short–term and long-term)
  • Medical, Dental & Drug

Types of Employee Benefits - Coverage available:

  • Absence & other Disability Management Services
  • Accidental Death & Dismemberment
  • Critical Illness
  • Various Employee Health & Wellness Products, including Employee Assistance Plans and Best Doctors Referral Service.
  • Defined Contribution Pension Plans
  • Group Retirement Savings Plans
  • Deferred Profit Sharing Plans