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Home > Health Insurance > Life Insurance > Imperial Life Assurance Company of Canada
Imperial Life Assurance Company of Canada
Desjardins Life Assurance Companies and Portfolios Acquired or Merged Since 1948 with Imperial Life Financial Services.
The history of Desjardins Financial Security is marked by innovation and the acquisition of companies. Desjardins Life Assurance was created in 1948. Although initially selling only individual life insurance, the new company quickly added several innovative group and retirement savings products to its roster, including family insurance, loan insurance, and accident insurance for school children and savings-life insurance.
DLA grew in size over the years with the merger of some 20 or so insurance companies and portfolios. In 1999, with the introduction of the Act respecting the distribution of financial products and services in Quebec, Desjardins caisses were able to start selling the company's full line of life and health insurance products. Desjardins Laurentian Life Assurance then set up a team of financial security advisors dedicated to caisse members.
Desjardins Financial Security is a component of the Desjardins Group, the largest integrated cooperative financial group in Canada. It is a firmly established company that has expanded by merging with and acquiring more than twenty insurance companies and portfolios, thereby gaining more than one hundred years of expertise. Ranked fourth among life and health insurers in Canada and first in Quebec, in terms of written premiums, the Company is a dynamic force in the life and health insurance and financial services industry in Canada.
Their expertise encompasses into a broad spectrum of life insurance, health, and retirement savings products and services offered by employees and partners committed to meeting their customers' needs, including members of Desjardins caisses. To meet the specific requirements of their various customer groups, they offer individuals and groups and businesses a number of different ways to access their products and services; financial institutions, LFS associate representatives, group-plan representatives, independent financial advisor, and consulting actuaries.
Their Life Insurance product is generally less expensive than whole life and covers the insured person for a limited period of time. It is a good choice for someone just entering the workforce who does not have a lot of money available for insurance. Whole life insurance meets long term needs.
Desjardins Financial Security's mission is to meet the changing financial security needs of individuals and groups, by offering a broad spectrum of tailor made life and health insurance and retirement savings products and services, through employees and partners committed to ensuring the satisfaction of its customers and caisse members.
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