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Home > Health Insurance > Life Insurance > Industrial Alliance Pacific Life
Industrial - Alliance Pacific Life
The parent company of Industrial Alliance Pacific is Industrial Alliance Insurance and Financial Services Inc Industrial Alliance. Industrial Alliance was born of a merger, in 1987, of Industrial, created in 1905 in Quebec City and Alliance, founded in 1892 in Montreal. A few years before the merger between Industrial and Alliance in 1982, Industrial acquired North West Life and now Industrial Alliance Pacific. In 1985 Industrial acquired North West Life's US twin and North West Life of America. In 1988, The Company bought National Life of Canada, a Toronto based Life Insurance Company.
In 1996 the company merged with the Solidarity, a life insurance company based in Quebec City. In 1999 Seaboard Life Insurance Company, of Vancouver, joined the company. The business of Seaboard Life was transferred to North West Life on June 1, 1999 and they now operate under the name Industrial Alliance Pacific Life Insurance Company, Industrial Alliance Pacific.
Industrial Alliance Pacific Life Insurance Company, Industrial Alliance Pacific may at any time revises these terms and conditions by updating this posting. Visitors agree to be bound by such revisions and should periodically revisit this page to review the current terms and conditions. With their universal life insurance product genesis, you can insure the financial security of you and your loved ones by obtaining life insurance and the accumulation of tax sheltered funds at the same time. Meridia provides you with a flexible financial program that you can adapt to your changing needs.
Designed to provide guaranteed lifetime financial protection, AXIS permanent life insurance is perfectly suited to the needs of people who are seeking financial stability and security for their loved ones in the event of a premature death. After deduction of the applicable taxes, your premiums are used to pay the insurance costs and administration fees. Any surplus premiums are invested in the investment options of your choice.
The surplus premiums constitute the savings component of your contract and generate interest that accrues tax free. The interest generated and the interest bonus, which you are paid starting at the end of the first year, are reinvested in the investment options you have chosen. You may make withdrawals from the amounts accumulated in your investment options at any time.
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