Empire Life Review
The Empire Life Insurance Company, operating as Empire Life (French: Empire Vie), is a Canadian life insurance and financial services company headquartered in Kingston, Ontario.
It was incorporated in 1923 and is a subsidiary of E-L Financial Corporation Limited of Toronto, Ontario, Canada.
The company provides individual life, health and investment products as well as group life and health products through independent distribution partners including financial advisors, management general agents, national account firms and employee benefit producers.
Empire Life is the parent company of Empire Life Investments Inc., a Canadian investment management company launched in 2011.
Empire Life has grown to become one of the top 10 life insurance companies in Canada and one of Canada’s best employers.
How Empire Life Insurance Works?
Their mission is to make it simple, fast and easy for you to get the investment, insurance and group benefits coverage you need to build wealth, generate income, and achieve financial security.
Their office are based in Kingston, Ontario and with offices from coast to coast, they are known for:
• Their integrity
• Sound financial management and fund management
• Strength and capitalization
• Personalized service
• Industry-leading technology
• Strong distribution partner relationships etc…
Why Empire Life Insurance?
As one of the top 10 Canadian life insurance companies*, they offer life insurance, investment products and employee benefits, including:
• Life and critical illness insurance
• Segregated funds and annuities
• Mutual funds, through our subsidiary,
• Empire Life Investments Inc.
• Group health, critical illness, disability, and dental insurance plans…..
Young or old, planning for the future with life insurance is too often forgotten or placed on the back burner. It might seem important for you to insure your home, car and property; do not forget about the most important things to insure… your life and your health.
How To Buy Empire Life Insurance Quote?
Prepare for the unexpected – empire can help you find life insurance protection that meets your family’s needs.
1. Determine how much and what type of life insurance that you need
2. Get a life Quote on empire
3. Choose if you want advice or want to buy it yourself.
Types Of Empire Life Insurance
While all life insurance plans are designed to pay an amount of money when someone dies (called a “death benefit”), there are two basic types of life insurance: term life insurance and permanent life insurance.
Empire Term Life Insurance
Term life insurance is designed to provide affordable life insurance protection for a specific period of time, or “term” as the name indicates.
The term may be a fixed number of years (eg. 10 or 20 years) or to a set age (eg. age 75). If you die during the term, your beneficiaries will receive a death benefit.
If you don’t die during the term, no one gets the death benefit and the insurance ends. However, some term life insurance policies can renew at the end of each term for a further term, which lets you keep your insurance for a longer period of time if you need it.
Premiums, or the price you pay for your insurance, typically stay the same during the initial term, but increase each time the policy renews for another term, and the renewal premiums may or may not be guaranteed.
Empire Permanent Life Insurance
Permanent life insurance is designed to provide insurance protection for your entire life, no matter how long that is.
This means you can keep your life insurance coverage as long as you live, provided you pay your premiums when they are due. And if you die while your insurance is in effect, a death benefit is paid to your beneficiaries.
Permanent insurance typically accumulates a cash value over time, and under certain circumstances, you can borrow money from the insurance company, which is secured against the value of your policy. If you choose to cancel your insurance, you receive the cash value of your policy at the time of cancellation, minus any amount you owe to the insurance company.
Empire Life Insurance Contacts
Empire Life Insurance ReviewThe Empire Life Insurance Company is located at 259 King St. E. Kingston, Ontario
1-800-561-1268
info@empire.ca
8:30 am to 5:00 pm, EST weekdays
