{"id":332,"date":"2023-11-27T13:52:26","date_gmt":"2023-11-27T13:52:26","guid":{"rendered":"https:\/\/policyarchitects.com\/CN\/industrial-alliance-life-insurance-quote-this-is-a-must-read\/"},"modified":"2024-07-29T02:21:19","modified_gmt":"2024-07-29T02:21:19","slug":"industrial-alliance-life-insurance-quote","status":"publish","type":"post","link":"https:\/\/policyarchitects.com\/CN\/industrial-alliance-life-insurance-quote\/","title":{"rendered":"Industrial Alliance Life Insurance Quote? This is a Must-Read!"},"content":{"rendered":"

Are you looking for an Industrial Alliance Life Insurance quote? <\/strong>This is one of Canada’s biggest and best life insurance companies.<\/p>\n

If you read my reviews, you know that not all insurers are created equal. Each one has its own products and underwriting standards.\u00a0<\/strong><\/p>\n

This is why it’s so important for you to do your homework. Picking the best company for your circumstances can save you thousands.<\/p>\n

So, let’s dig into this review to get you the most bang for your buck!<\/p>\n

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A Few Words About Industrial Alliance (iA Financial Group)<\/strong><\/h2>\n

Many Industrial Life insurance reviews exist, but we want to get into the nitty-gritty. This is why history is important.<\/p>\n

Over 125 years ago, Industrial Alliance started with two insurance companies in Quebec.<\/strong> Alliance Nationale, a Mutual Aid Society created in 1892, and the Industrial Alliance Life Insurance Company, founded in 1905, merged in 1987.<\/p>\n

Industrial Alliance, rebranded as IA Financial Group in 2015, has evolved from a mutual insurance company to a publicly traded one.<\/p>\n

It has also expanded from a health and life insurance company into a full-fledged financial services firm in Canada and the United States.<\/p>\n

\u00a0Industrial Alliance\u00a0<\/strong>Financial Rating\u00a0<\/strong><\/h2>\n

It’s always a good idea to ensure the life insurance company you’re considering is solvent and financially stable. <\/strong>This industry is highly regulated in Canada, and most carriers, including iA Financial Group, have strong financials.<\/p>\n

AM Best confirmed a financial strength rating (FSR) of A (excellent) for Industrial Alliance Insurance and Financial Services Inc. They were also given the Long-Term Issuer Credit rating of “A+”<\/p>\n

\u00a0Industrial Alliance Reviews Online<\/strong><\/h3>\n

A client of mine recently emailed me about a negative Industrial Alliance review he saw online.<\/strong> It left him with some doubts about the coverage I helped him secure.<\/p>\n

I told him the same thing I tell most people about negative online reviews: Google any life insurance company,\u00a0and I guarantee you’ll find negative reviews, often more than a few.\u00a0<\/strong><\/p>\n

It’s estimated that approximately 1.5% or about “15 people out of 1000<\/a>” leave online reviews. Can you guess the proportion of them that are negative? It’s a lot.<\/p>\n

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Consumers have a higher tendency to leave a negative review when they’re angry and feel they’ve received poor service or quality.\u00a0<\/strong><\/strong>Also, 1 out of every 15 online reviews are left by individuals who haven’t even used or purchased the service they’re reviewing.<\/p>\n<\/blockquote>\n

Does That Mean You Should Throw the Baby Out with the Bath Water?\u00a0<\/strong><\/h4>\n

Am I suggesting reviews should be ignored?<\/strong> No! But they should be put into context.<\/p>\n

For example, my client saw one negative review about a life insurance claim, but most bad reviews are related to Industrial Alliance Group Benefit Claims.<\/p>\n

These are Consumers griping about the service they receive around health and dental claims through work.<\/p>\n

Given the sheer volume of those transactions, complaints and negative reviews go with the territory.\u00a0<\/em><\/p>\n

The bottom line is that reviews shouldn’t be the only criteria for deciding whether a life insurance company is right for you.\u00a0<\/strong><\/p>\n

\u00a0Industrial Alliance Life Insurance Products<\/strong><\/h2>\n

As I mentioned above, all life insurance companies approach their products differently. Some choose a broad range of insurance and financial services, while others specialize<\/strong>\u00a0in one area.<\/p>\n

This is one aspect of my reviews where I’m a little conflicted. Sure, there is something to be said about one-stop-shop coverage, BUT did you ever hear the statement, “Jack of all trades, master of none”?<\/p>\n

It may be a little unfair, but sometimes I gravitate towards companies with a streamlined focus. For example, if you deal with nothing but life insurance, you will\u00a0know it inside and out.<\/p>\n

Industrial Alliance Life Insurance is one of those companies that explores other areas of insurance and financial advisory services.<\/p>\n

They offer various products, including Industrial Alliance Group Insurance and benefits.<\/strong> I will focus primarily on their insurance offering. Let’s check them out now!<\/p>\n

1. Term Insurance<\/strong><\/strong><\/span><\/h3>\n

Term life insurance<\/a> is the purest form of coverage, and it’s\u00a0<\/strong>flexible and affordable\u2014that’s<\/strong><\/span>\u00a0why we recommend it to most people.<\/strong><\/p>\n

Don’t get me wrong, permanent\u00a0life insurance works a charm in some situations…<\/p>\n

…. BUT for most families looking for income replacement or mortgage protection, term works best.<\/p>\n

Industrielle Alliance has two term life insurance offerings:\u00a0<\/strong><\/p>\n

Industrial Alliance – Pick A Term <\/strong><\/h4>\n

This coverage is meant to help families who need protection for a specific period.\u00a0<\/strong><\/p>\n

You may select any term from 10 to 40 years in one-year increments. This means you don’t have to pay for more or less protection than you need. Or, if you don’t like even numbers, how does a 33-year-level term sound?<\/p>\n

Industrial Alliance’s Pick a Term is fully underwritten coverage available to people under 71. <\/strong>The good news is you can also apply for higher face values. Coverage maxes out at $10,000,000!\u00a0<\/em><\/p>\n

Looking for an Industrial Alliance life insurance quote? Click below.<\/p>\n

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Industrial Alliance – Access Life Term Insurance (No Medical)<\/strong><\/h4>\n

Access Life works for people who have a history of medical issues<\/a>.<\/strong> If you think you will have a tough time getting insured or have an aversion to needles and nurses, this iA Financial Group product is for you!<\/p>\n

You can select a 15, 20, or 25-year term, and you don’t have to take a medical exam<\/a> to get your coverage in place. Answer some quick health questions to get approved.<\/strong><\/p>\n

Buyer beware! As with all non-medical coverage, simplified issue term life insurance is ALWAYS more expensive.<\/em><\/strong> This is because the life insurance company takes on more significant risk to insure you.<\/p>\n

There are also limits to the amount of no medical life insurance you can purchase. For example, the Industrial Alliance offers up to $500K protection for people up to 71 years of age<\/a>.<\/strong><\/p>\n

2. Permanent Insurance<\/strong><\/strong><\/span><\/h3>\n

Permanent life insurance is a much more complicated and EXPENSIVE product.\u00a0<\/strong><\/p>\n

This is because your beneficiary is guaranteed a payout as long as the premiums are paid.<\/p>\n

Permanent insurance works a charm for people:\u00a0<\/strong><\/em><\/p>\n