Description

Great-West Lifeco Inc., a financial services holding company based in Winnipeg, Canada, and a subsidiary of Power Financial Corporation, delivers a comprehensive suite of financial solutions across Canada, the United States, and Europe. Established in 1891, its core operations span life and health insurance, retirement and investment services, asset management, and reinsurance. The company provides tailored financial and benefit plan solutions for individuals, families, businesses, and various organizations. Its diverse product portfolio includes a wide array of insurance coverage such as life, disability, critical illness, accidental death, dismemberment, health and dental protection, and creditor insurance. For retirement planning, Great-West Lifeco offers savings and income products, annuities, and specialized options. It also administers employer-sponsored retirement savings plans, individual retirement, and taxable brokerage accounts, complete with enrollment services, communication materials, investment choices, and educational support. In the investment arena, the company furnishes fund management, advisory services, and private-label recordkeeping, featuring investment products encompassing equity, fixed income, absolute return, and alternative strategies. Furthermore, it supplies protection and wealth management products, including payout annuities and pension plans, alongside a robust reinsurance segment covering life, annuity/longevity, mortgage surety, and property catastrophe risks. Great-West Lifeco markets its offerings under well-recognized brands such as Canada Life, Irish Life, Empower, Putnam Investments, and PanAgora. Its distribution network is extensive, utilizing financial advisors, dealers, brokers, managing general agencies, financial institutions, consultants, third-party administrators, a dedicated sales force, financial planners, employee benefit consultants, banks, and multi-tied agents.