London Life Insurance Review

A subsidiary of Great-West Life Assurance Company, London Life Insurance is a Canadian-based company that provides a range of insurance and financial products. Whether you are looking for term life, permanent life, or long term financial management products, London Life can provide a policy or investment to suit your needs. London Life will even help you choose a combination of approaches that can help you insure your life, provide for your family, and begin saving for retirement as well as establish an ongoing investment plan to ensure your financial security.

In addition to life insurance and investment products, London Life Insurance provides disability insurance, insurance to cover critical illness, and health and dental insurance to cover your everyday medical expenses. As with most life insurance companies, term life is a lower-priced option. Policies are renewable, with no medical tests necessary for renewal. However, depending upon the policy you choose, your coverage ends when you reach the age of 75, 80, or 85. In addition, premiums will increase with each renewal. The older you are, the higher your premiums are likely to be, so before choosing a term life insurance policy from London Life, be sure to look into how much you are likely to pay as you grow older, and be sure this is manageable and fits into your long term plans.

Permanent life insurance policies from London Life Insurance provide an investment element. For participating life insurance policies, also referred to as whole life, all investments are handled by the company. Universal life insurance policies allow the policy-holder some input into how premiums are invested. Which of these options works best for you will depend upon your personal investment style, your investment risk management profile, and how hands-on you wish to be with the investment portion of your policy.