Primerica Life Insurance FAQsⁱ

What kind of life insurance does Primerica Canada offer?

Since 1986, Primerica Financial Services Ltd. and its Canadian affiliates, referred to as Primerica Canada, has offered term life insurance, giving families the coverage they need at a price they can afford. A common misconception about life insurance is that it is a permanent need for each family. Many financial experts see it as a way to simply "buy time" until you accumulate savings, not as a permanent part of your financial program. Primerica Canada believes that affordable term insurance is the best option for most families.

Is Primerica Canada Term Life Insurance good?

Yes. Primerica's life insurance company subsidiaries, including Primerica Canada, have been rated "Superior" by AM Best with an A+ ratingⁱⁱⁱ, one of the highest possible ratings. In 2024, Primerica Life Insurance Company of Canada Issued $15.9 billion of term life insurance and paid over $170 million in life insurance benefits to Canadian families^iv.

Primerica's life insurance company subsidiaries have been rated "Superior" by AM Best with an A+ rating^v, one of the highest possible ratings. Through its insurance company subsidiaries, Primerica was the #2 issuer of term life insurance coverage in the United States and Canada in 2024^vi. In 2024, Primerica's life insurance companies collectively paid out approximately $1.8 billion dollars in life insurance benefits to clients' families^vii.

Does Primerica Canada pay out death benefits?

Yes. Primerica Life Insurance Company of Canada paid over $170 million in death benefits to clients' families in 2024^vii with 92% of claims being paid within 14 days^vii.

Who do I contact regarding my Primerica Canada Life Insurance?

Your representative can assist you with any questions regarding your coverage. For administrative or service related inquiries, please call Client Services directly at 1-800-387-7876 (English) or 1-800-265-4804 (French), and they can assist you.