Independent Life Insurance Reviews

Canada Life Life Insurance Reviews

(3 reviews)
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Category: Switching, Cancellation
(1.8 out of 5 stars)
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Canada Life is a scam, period.

 
(1.0 out of 5 stars)
by oploc Nov 20, 2018
...I've recently helped my parents dispose of a life insurance policy and the disposition date was in late May. The insurer wanted after the disposition date was cleared and sent to CRA, that they will withhold money until the insurance holder can prove whether he is a resident or non-resident. That they waited until the form can be processed for three months before surrendering money in September is one problem, that they still collected for those three months for the policy that was already disposed of in May is another, more dastardly move. They just swindled the policy owner who dutifully paid the premiums for more than a decade out of half a thousand dollars. I will tell everyone that this company is a scam and a fraudulent business...
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SCAM stay away!

 
(1.0 out of 5 stars)
by angry1234 Apr 03, 2017
...Total scam! They will sign you up for insurance protection on your Walmart MasterCard without letting the customer know and charge you ridiculous amount every month. When you call them to cancel the plan and ask for a refund, they won't give you a refund! Instead, they threaten you to be careful of the way you talk to them because everything is recorded!!! They don't value their customers and they only want to run away with your money!!! Stay away! This is a SCAM!!!...
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Canada Life will not pay

 
(1.0 out of 5 stars)
by Disappointed Jun 28, 2015
...I purchased life and disability insurance through RBC home protector and their provider is Canada Life. Last November I had a back injury and I have been of work for almost 7 months now. I applied for the disability insurance I was paying for and thought I had. Once I sent all my medical info regarding my injury to Canada Life, they wanted more info from my family doctor going back 2years from date I purchased the insurance. They found a medication prescribed to me in that 2year period . The medication was for something other than anything they indicated on the application form questions I answered when I applied for the insurance. They declined me coverage for my back injury and cancelled my coverage for disability. I appealed there decision with a letter from my doctor explaining the medication treatment and they still declined me a second time. I took it to a lawyer last week. He said Canada Life is treating me unfairly and that I stand a great chance of settling this in my favor. Problem is he said I could end up paying him more than the coverage I would get back from Canada Life. At least he was honest. More than I can say for this insurance company...
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