Description

Great-West Lifeco Inc. is a prominent financial services company with operations spanning Canada, the United States, and Europe. Its core business activities encompass life and health insurance, a wide range of retirement and investment solutions, comprehensive asset management, and reinsurance services. The company delivers an extensive portfolio of insurance products, including coverage for life, accidental death and dismemberment, disability, critical illness, health and dental protection, and creditor insurance. For individuals, families, businesses, and organizations, it provides wealth accumulation services, featuring savings plans, income-generating annuities, and other specialized financial offerings. In addition to individual solutions, Great-West Lifeco offers employer-sponsored retirement savings programs that include saving, investment, and advisory components. Its wealth management capabilities extend to payout annuities, equity release mortgages, various pension products, and investment opportunities. The firm also specializes in bulk and individual payout annuities, life bonds, and retirement drawdown options. Furthermore, the company offers extensive asset management services, catering to a diverse clientele such as pension schemes, insurance companies, wealth managers, fiduciary managers, sovereign wealth funds, and other institutional clients. Its reinsurance arm covers life, annuity/longevity, mortgage surety, and property catastrophe risks. Great-West Lifeco markets its solutions under recognized brands like Canada Life, Irish Life, and Empower. Distribution is facilitated through a broad network comprising sales forces, brokers, consultants, financial advisors, third-party administrators, financial institutions, dealers, managing general agencies, employee benefit consultants, banks, and multi-tied agents. Established in Winnipeg, Canada, in 1891, Great-West Lifeco Inc. functions as a subsidiary of Power Financial Corporation.