Empire Life Insurance review

What is Empire Life Insurance?

Empire Life Insurance is a Canadian company that is known for its array of financial services including insurance, wealth management and group benefits. Its corporate headquarters are in Kingston, Ontario, and it is publicly traded on the TSE.

Empire Life ensures that it will be there for you every step of the way in life and this is reflected in the different life insurance options it has made available. Depending on your needs, Empire Life has four distinct life insurance packages:

• Term life insurance. Determine your coverage needs to find the right term life insurance that fits your lifestyle.
• Permanent life insurance. A specialized solution that provides guaranteed lifetime insurance protection at a guaranteed rate.
• Permanent participating life insurance. This type of Empire Life Insurance is designed for estate protection or wealth accumulation, with a potential for dividends.
• Guaranteed issue life insurance. Provides coverage for life and as long as premiums are paid on time, your coverage will never decrease.

What other insurance coverage options does Empire Life offer?

Empire Life‘s main insurance offerings are its life insurance packages. On top of life insurance, Empire Life also offers critical illness insurance plans that are for those who are suffering from a serious illness.

• Critical illness insurance. For those coping with a critical illness and medical treatments, the financial impact of these burdens can be offset with this insurance plan.

Empire Life Insurance bundles

Empire Life offers a life and critical illness insurance bundle for those seeking the protections of both plans. In terms of a discount, customers wishing to purchase the bundle package may be eligible to pay just one policy fee by contacting an Empire Life account executive.

What exclusions do I need to know about?

When dealing with life and critical illness insurance policies, there can be numerous possible exclusions based off of a number of considerations, which can vary by company.

The more notable exclusions from Empire Life‘s life insurance packages include suicide and accidental deaths, with certain caveats for both. For critical illness insurance, the most notable exclusions include certain cancers (with caveats) including malignant melanoma skin cancer, prostate cancer and chronic leukemia, to name a few.

To find the full list of exclusions for Empire Life‘s life insurance, and for critical illness insurance exclusions, refer to Empire Life‘s website.

What do customers say about Empire Life Insurance?

Empire Life has a sparkling clean, A+ rating with the Better Business Bureau. This rating establishes Empire Life‘s credibility as one of Canada’s top 10 life insurance providers and a highly esteemed company. What’s even more impressive is that Empire Life does not have any complaints filed against it with the Better Business Bureau.

How to contact Empire Life Insurance?

There are a few ways to contact Empire Life depending on your inquiry.

• For any and all insurance inquiries, you can call its toll-free number at 1-800-561-1268 from Monday to Friday between the hours of 8am and 8pm EST.
• For insurance inquiries, you can also send an email at insurance@empire.ca.
• For general inquiries, you can contact the head office by calling the toll-free number at 1-877-548-1881 or send an email at info@empire.ca.

Empire Life Insurance mobile app

Unfortunately, Empire Life does not have a mobile app at this time. However, customers can log in online to its secure web portal to see everything related to their insurance policy and submit an eClaim by entering their login details.

Compare other life insurance providers

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Product CAFLI	Types of Insurance	Coverage Range	Issue Ages	Medical Exam Required	Province Availability
PolicyMe Life Insurance	Term Life, Critical Illness	$100,000 - $5,000,000	18 - 75	No	AB, BC, MB, NB, NL, NS, ON, PEI, QC, SK, YT, NT, NU	Get fast and affordable term life insurance. Personalize your policy details and get an estimate price within seconds. No phone call, meeting or paperwork required. Get an instant decision.	Get a quoteMore Info Compare	loading Fetching your data...
PolicyAdvisor	Whole Life, Term Life, Universal, No Medical	$25,000 - $25,000,000	18 - 75	No	AB, BC, MB, ON	PolicyAdvisor is a digital life insurance brokerage that has partnerships with 20 insurers in Canada.	Get a quoteMore Info Compare	loading Fetching your data...

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Frequently asked questions about Empire Life Insurance

• Why do I need life insurance?

  Life insurance is a good way to ensure that you provide income protection for your loved ones in the event that an unexpected situation arises and you are unable to provide for your loved ones any more.

• How much life insurance do I need?

  A better way to frame this question is how much money your family will need after you are gone. Determining this can be an exhaustive exercise but a simple way of calculating this is by tallying your current and future financial obligations then subtracting that from your existing resources. The remaining figure should be the life insurance needed.

• How do I know when I need life insurance?

  To help you decide, first ask yourself this question: if I died today, would someone close to me suffer financially because of my death? If the answer is yes, you need to strongly consider purchasing life insurance.

• When should I get life insurance?

  There is no right or wrong time to get life insurance but the following events may be a good trigger for you to begin considering purchasing life insurance: getting married, buying a home, starting a family and starting a business.

• Who is term life insurance good for?

  Term life insurance is a good choice for families with a new or existing mortgage, small business owners looking to cover startup costs and individuals focused on affordable coverage with future flexibility.

• Who is permanent life insurance good for?

  Permanent life insurance is a good choice for mature individuals looking to protect the estate for their heirs, young children needing long-term value and individuals wanting affordable insurance for various financial planning strategies.

• Who is permanent participating life insurance good for?

  Permanent participating life insurance is good for children taking advantage of their age for lower rates, families adverse to volatile swings in investment returns in the market and small businesses with short- and long-term protection needs.

• Who is Guaranteed Life Protect insurance good for?

  Guaranteed Life Protect insurance is good for mature individuals looking to cover their last expenses but don’t want to answer any health questions, individuals who have been declined for life insurance coverage in the past and individuals looking to purchase life insurance quickly without underwriting questions.