What Is Great-West Life?


Quick Answer

Great-West Life is a Canadian insurance company offering health insurance, retirement savings, life insurance and investments, according to the company website. Primarily serving Canada and Europe, the company is a member of Power Financial Corporation and a wholly owned subsidiary of Great-West Lifeco Inc.

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Full Answer

Founded in 1881 in Winnipeg, Great-West Life claims a rich history of helping Canadians gain financial security, states the official website. Financial security advisers are available to help business owners, individuals and families choose from a variety of benefit and financial plans, including critical illness and disability insurance. Financial plans are also available for businesses and organizations of all sizes. The Group Retirement Services Division helps employers tailor a savings and retirement plan to fit their own and their employees' unique needs.

The company's investment operations manage more than $38 billion in segregated funds and more than $42 billion in consolidated mutual funds, according to the company website. Customers can choose from private debt investments for commercial and corporate borrowers and commercial mortgage investments provided nationwide through Canada field offices. The company features investment management from GLC Asset Management Group Ltd. and asset management from GWL Realty Advisors Inc., one of the biggest advisers for real estate investment in the country.

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