Carrier Comparison
Compare Canada's Top Insurance Carriers
Side-by-side comparison of Canada Life, Manulife, iA Financial Group, Equitable Life of Canada, and Travelance. Find the right carrier for your needs.
Carriers
At a Glance
Carrier Facts
Carrier Comparison
| Feature | Equitable Life | iA Financial | Canada Life | Manulife | Travelance |
|---|---|---|---|---|---|
| Founded | 1920 | 1892 | 1847 | 1887 | 2006 |
| Structure | Mutual (policyholder-owned) | Public (TSX: IAG) | Great-West Lifeco sub. | Public (TSX: MFC) | Specialty provider |
| AM Best Rating | A (Excellent) | A+ (Superior) | A+ (Superior) | A+ (Superior) | A+ (via Old Republic) |
| Locations | Canada only | Canada only | Canada + US | Global (3 continents) | Canada only |
| Digital Tools | Basic portal | Online portal | Online portal | App + online + Vitality | Instant quotes online |
| Best For | Dividend-seeking policyholders | Professionals needing own-occ DI | Newcomers & families | High-income earners & businesses | Super Visa & visitors |
Products
Product Availability by Carrier
| Product | Equitable Life | iA Financial | Canada Life | Manulife | Travelance |
|---|---|---|---|---|---|
| Term Life Insurance | ✅ 10/20/30 yr | ✅ 10/20/30 yr | ✅ 10/20/30 yr | ✅ 10/20/30 yr | — |
| Whole / Permanent Life | ✅ Participating | ✅ Whole + UL | ✅ Whole + UL | ✅ Par + UL | — |
| Universal Life | ✅ | ✅ | ✅ | ✅ | — |
| Disability Insurance | ✅ | ✅ Own-Occ | ✅ | ✅ Proguard | — |
| Critical Illness | ✅ | ✅ 25+ conditions | ✅ 25+ conditions | ✅ Living Benefits | — |
| Group Benefits | — | ✅ | ✅ | ✅ GroupPlus | — |
| Segregated Funds | — | — | — | ✅ | — |
| Super Visa Insurance | — | — | — | — | ✅ Best option |
| Visitors to Canada | — | — | — | — | ✅ |
| Bundled Life+DI+CI | — | — | — | ✅ Synergy | — |
Recommendations
When to Choose Each Carrier
FAQ
Carrier Comparison — Common Questions
It depends on your needs. Manulife offers the broadest product range including the Synergy bundle. Equitable Life offers strong participating whole life with dividend potential. Canada Life is excellent for straightforward term coverage. I compare quotes across all carriers to find the best rate for your specific situation.
Not Sure Which Carrier Is Right?
Tell me what you need to protect and I will quote across all carriers to find the best coverage and price for your situation.