Canada Life Financial Corporation is a Canadian company that offers life, health, and disability insurance for groups and individuals.
Founded in 1847, it was acquired by The Great-West Life Assurance Company in 2003, after rejecting a hostile takeover bid by rival Manulife. Hugh Cossart Baker, Sr. established the first life insurance company in Canada 21 August 1847; the Canada Life Assurance Company. The firm was incorporated in 1849. The first head office was in Hamilton, Ontario on the top floor of the Mechanics' Institute on James Street near Merrick, where the Hamilton City Centre (formerly the Eaton's Centre) now stands. The head office remained in Hamilton until 1900, when the new president George Cox moved it to Toronto. He was the father of telephone pioneer Hugh Cossart Baker, Jr..
Canada Life is based in Toronto, Ontario at the historic Canada Life Building on University Avenue. It also commissioned the Canada Life Building in Montreal.
Besides Canada, Canada Life has offices in:
- United Kingdom
- Isle of Man
- Republic of Ireland
- Germany
- Brazil
- United States
Famous quotes containing the words canada, life and/or financial:
“This universal exhibition in Canada of the tools and sinews of war reminded me of the keeper of a menagerie showing his animals’ claws. It was the English leopard showing his claws.”
—Henry David Thoreau (1817–1862)
“... it is a rather curious thing to have to divide one’s life into personal and official compartments and temporarily put the personal side into its hidden compartment to be taken out again when one’s official duties are at an end.”
—Eleanor Roosevelt (1884–1962)
“The woman who does her job for society inside the four walls of her home must not be considered by her husband or anyone else an economic “dependent,” reaching out her hands in mendicant fashion for financial help.”
—Mary Barnett Gilson (1877–?)