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Life Insurance Company Ratings, Canada

Listed below are the best life insurance companies in Canada. Seven companies have A+ rating from A.M. Best. Canada Life Assurance and London Life Insurance are two best life insurance companies in the country. They also have AA rating from Standard & Poor's and Fitch.

Rank Company A.M. Best S&P Moody's Fitch
1 Assumption Life A- - - -
2 AXA Assurances Inc. A - - -
3 BMO Life Assurance Company A - - -
4 Canada Life Assurance Company A+ AA Aa3 AA
5 Co-operators Life Insurance Company A BBB+ - -
6 Empire Life Insurance Company A - - -
7 Equitable Life Insurance Company of Canada B - - -
8 Foresters Life A-      
9 Great-West Life Assurance Company * A+ AA Aa3 AA
10 Industrial Alliance Life Insurance A+ A - -
11 London Life Insurance Company A+ AA Aa3 AA
12 Manulife Financial A+ AA- A1 AA-
13 Primerica Life Insurance Company of Canada A+ AA A2 A+
14 RBC Life Insurance A - - -
15 Reliable Life Insurance Company*** A+ AA - -
16 Sun Life Assurance Company of Canada A+ AA- Aa3 -
17 Transamerica Life Canada** B++ BBB+ - AA-
18 Wawanesa Life Insurance Company A - - -
19 Western Life Assurance Company (WLA) A- - - -

Ratings as of August 2011

* Great-West Lifeco Inc. subsidiares:
Great-West Life Assurance Company
London Life Insurance Company
Canada Life Assurance Company
Great-West Life & Annuity Insurance Company

** Transamerica Life Canada – A subsidiary of AEGON N.V. (Hague, Netherlands).

*** Reliable Life – A part of the Old Republic Insurance Group, which in Canada, consists of Reliable Life and Old Republic Insurance Company of Canada.

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