Canadian Life Insurance Companies - Other Financial Services They Offer

Along with my research of the major Canadian banks, I thought I would have a look and see what types of savings/investment products life insurance companies offer to Canadians.

• TransAmerica Life Insurance
  TransAmerica Life Insurance offers the following investment products.
  
  • imaxGIF™
    
  • Transamerica investment portfolio™
    
  • GROWSafe®
    
  • IMS Funds
    
  • Alliance Segregated Funds
    
  • Annuities
  
  
• AIG Assurance
  
  • Market Indexed Accounts that follow global stock markets,
    
  • AIG Market Portfolio Indexed Accounts that combine the performance of Treasury Bills along with selected stock market indices*,
    
  • Managed Indexed Accounts utilizing selected mutual fund companies,
    
  • Managed Portfolio Indexed Accounts that offer you diversified, managed investments,
    
  • Custom Portfolio Indexed Accounts that benefit from the performance of numerous selected mutual funds, and
    
  • Daily and Guaranteed Interest Accounts.
  
  According to their site, Member companies of AIG Investments manage more that US $685 billion in assets and employ over 2,000 professionals in 44 offices around the world as of March 31, 2007.
  
  
• Canada Life Insurance
  
  According to their website, Canada life offers the following Savings/investment services.
  
  • Investments
    
  • Private Collections
    
  • Contact Investments
    
  • Summary Fact Statements - Fund Information
    
  • Generations
    
  • RRSPs
    
  • Money Monitor
    
  • Retirement Income Accounts
    
  • Canada Life Asset Allocation Funds
    
  • Savings Accounts
    
  • Flex
    
  • Comprehensive Annuity Policy (CAP)
    
  • Guaranteed Terms
    
  • Payout Annuities
    
  • Segregated Funds
    
  • Audited Financial Statements
    
  • Investments
  
  
• Empire Life Insurance
  
  According to their website, Empire Life Insurance has the following Savings/Investment services
  
  • Portfolio Funds
    
  • Elite Family of Funds
    
  • Elite Investment
    
  • Program
    
  • Guaranteed Interest
    
  • Options
    
  • Elite RIF
    
  • Group RSP
    
  • Segregated Funds
  
  
• Industrial Alliance Life Insurance
  According to their website, Empire Life Insurance has the following Savings/Investment services:
  
  • Focus Funds
    
  • Income Funds
    
  • Diversified Funds
    
  • Canadian Equity Funds
    
  • U.S. & International Equity Funds
    
  • Principal Guaranteed with Market Investments
    
  • Principal Guaranteed with an Alternative Investment
    
  • Guaranteed Interest Funds
  
  

LOTS OF PLACES TO SAVE YOUR MONEY
The point of this blog post is to illustrate that there are other alternatives to the major banks if you want to look for places to save your money.

With all of the bad economic news lately, it's a really good time to think about getting our personal finance lives in order. Save up money and pay off debt. Increase our personal balance sheets.

Canadian life insurance companies can help you save your money.



NOTE: Canadian prime rate as of February 8, 2008 is 6%
This blog post is relevant for the following provinces.
Canadian Canada British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Newfoundland, New Brunswick, Nova Scotia, Prince Edward Island