Description

Great-West Lifeco Inc. is a prominent financial services firm operating across Canada, the United States, and Europe, specializing in life and health insurance, retirement and investment solutions, asset management, and reinsurance. The company offers a wide array of insurance products, including coverage for life, accidental death and dismemberment, disability, critical illness, health, dental, and creditor protection. Beyond insurance, it serves individuals, families, businesses, and various organizations with retirement savings, wealth accumulation, income generation, and annuity products, alongside other specialized financial offerings. Great-West Lifeco provides tailored individual financial solutions and manages employer-sponsored retirement savings plans, delivering robust saving, investment, and advisory services. Its wealth management segment includes payout annuities, equity release mortgages, pension plans, and diverse investment products. Additionally, the company offers both bulk and individual payout annuities, life bonds, and retirement drawdown options. It is a significant asset manager for institutional clients, such as pension schemes, insurance companies, wealth managers, fiduciary managers, and sovereign wealth funds. The firm also extends its expertise to the reinsurance sector, covering life, annuity/longevity, mortgage surety, and property catastrophe risks. Its product range is delivered under recognized brand names like Canada Life, Irish Life, and Empower. Distribution of these services is facilitated by an extensive network comprising direct sales teams, brokers, consultants, financial advisors, third-party administrators, various financial institutions, dealers, managing general agencies, employee benefit consultants, banks, and multi-tied agents. Founded in Winnipeg, Canada, in 1891, Great-West Lifeco Inc. operates as a subsidiary of Power Financial Corporation.