Independent Life Insurance Reviews

Canada Life Life Insurance Reviews

(3 reviews)
This page has been viewed by:
2,163
consumers
Category: Pre-conditions
(1.7 out of 5 stars)
Customer Service:
Value for Money:
 

Unfair

 
(3.0 out of 5 stars)
by A.I.S Dec 08, 2017
...I was recently diagnosed with a critical illness and through my work I was covered by Canada Life. I was able to submit my claim which took 2 and half months to complete and to be told it's been declined. This was due to the type of illness I had and I wasn't given any other explanation as to why they don't cover this particular one. When I started to pay this every month, I wasn't sent any documentation at all and didn't know what they covered me for. It seemed like they only wanted to take my money. I will be going to FOS...
1 of 1 people found this review helpful. Did you?
Did you know there is a 35% chance of developing a critical illness before you are 65 and 65%-70% chance before you turn 81? That means getting a critical illness insurance quote is no less important than getting life insurance. Your choice.
 

I'd rate 0

 
(1.0 out of 5 stars)
by injured Dec 02, 2016
...I've held 3 policies over the 12 years I've been with my bank and since I experienced nerve pain and been place off work and waiting for a lengthy drawn out night mare of a discussion I've been told I'm to high risk they are shredding my contract and sending all my premiums back to me. these guys are crooks. I called my branch manager expressed the disgusting product that they are endorsing and that is a bad reflection on their business. We'll see where this goes but this bank has been warned I will pull pin on them after 12 years and working where i work and the elbows i rub this experience will cost both business dearly as because everyone will hear the "peace of mind" that are all lies sold to un-expecting clients...
2 of 2 people found this review helpful. Did you?
 

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...
2 of 2 people found this review helpful. Did you?
Did you know that mortgage insurance is the same as life insurance but more expensive and offers less protection? By cancelling it and getting life insurance , you would typically save around 30%-40% for the same coverage.