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Canada Life Assurance Company, The
Canada Life employees sign purpose statement banners  

Recognized as one of Canada's Top 100 Employers (2022) and Manitoba's Top Employers (2021):

Here are some of the reasons why Canada Life Assurance Company, The was selected as one of Canada's Top 100 Employers (2022) and Manitoba's Top Employers (2021):

  • Canada Life encourages a holistic approach to employee well-being, offering a wellness spending account (to $600 annually) and a mental health practitioner benefit (to $5,000) as part of its health benefits plan
  • Additionally, the company reinstated benefit maximums for an interim 6-month period in June 2020, doubling the amount of health and dental coverage available to employees
  • Canada Life encourages ongoing employee development through online and in-house training programs, subsidies for professional accreditation and tuition subsidies for courses both related and not directly related to their current position (up to $2,000 annually)
Employee organizes donations collected through Canada Life's school supply drive  

Employer Background

Industry Direct life insurance carriers
Established in Canada 1847
Publicly traded yes
Parent company Great-West Lifeco Inc.
Parent company head office Winnipeg MB
Major Canadian hiring locations Winnipeg MB, London ON, Toronto ON, Montréal QC, Regina SK
Full-time employees in Canada 10,734
Part-time employees in Canada 190
Workforce engaged on a contract basis 2.49%
Average age of employees in Canada 42 years
Longest serving employee 45 years

COVID-19

Pandemic response reinstated benefit maximums for an interim 6-month period in June 2020 (doubling the amount of health and dental coverage available to employees), offered a financial stipend to help cover the costs of home office set-up and enabled employees to use their wellness account to claim items such as office furniture or expenses related to elder care or child care, provided 2 additional days off following Canada Day to thank employees

Physical Workplace Rating: A+

Editorial note due to the pandemic, some workplace amenities may be temporarily unavailable
Commuter amenities secure/sheltered bicycle parking
Workplace features telecommuter workstations, sit-stand workstations, private phone booth, nap room, religious observance room, outdoor patio, outdoor barbecue
Employee lounge amenities comfortable seating, television
Onsite cafeteria healthy menus, special diet menus, subsidized meals, a variety of full hot meals, sandwiches, soup, salads, fruit and healthy snacks, and made-to-order meals featuring local products and made-in-Manitoba ingredients (all food options follow a corporate healthy eating policy)
Other food options at main location onsite Tim Hortons
Onsite fitness facility for employees only, treadmills, stationary bikes, stairmasters, instructor-led classes (Zumba, HIIT, spin, aerobics, yoga), elliptical trainers, rowing machines, weights, shower facilities, accessible 24/7
Other nearby amenities Granite Curling Club, Bonnycastle Park, Memorial Park, Bell MTS Place, Winnipeg Art Gallery, Centennial Concert Centre, Forks Market

Work Atmosphere & Communications Rating: B

Employee social committee name Canada Life Social Committee
Past social events virtual week-long employee celebration focusing on physical and mental well-being (with guest speaker Sami Jo Small), virtual team fitness challenge called No Gym, No Problem (weekly challenges and prizes)
Cultural aspects business-casual dress daily, dress-for-your-day policy, casual dress (e.g. jeans) daily, music while working, employee sports teams
Employee communications intranet site, traditional/email suggestion box, internal social media
Other in-house communications increased communications over the course of the pandemic including virtual town halls with the president and CEO, bi-weekly emails, and a COVID-19 site with updated info and resources

Financial Benefits & Compensation Rating: B+

Outside salary surveys participates in outside salary surveys every 12 months
Employee salary reviews individual salaries are reviewed every 12 months
Long-term savings defined-contribution (DC) pension
Long-term planning life & disability insurance
Share purchase plan available to all employees
Year-end bonuses available to all employees
Referral bonuses (max) new employee referral bonuses (up to $1,500) for some positions
Signing bonuses available for some positions
Additional financial benefits corporate discount program (e.g. retail, services, travel, etc.), discounted home insurance, discounted auto insurance

Health & Family-Friendly Benefits Rating: B+

Health plan premium as part of the health plan, the employer pays up to 73% of the premiums
Flexible coverage health plan is flexible with adjustable premiums and coverage levels
Minimum hours worked for coverage 15 hours per week
Waiting period there is no waiting period for coverage
Family coverage option yes
Retiree coverage with no age limit yes
Dental coverage routine, restorative, orthodontics
Health plan includes traditional coverage (e.g. prescription drugs), employee assistance (EAP) plan, semi-private hospital room, physiotherapy, medical travel insurance, homecare, medical equipment and supplies, massage therapy, nutrition planning, podiatrist, osteopathy, chiropractor, alternative coverage (e.g. acupuncture, naturopathy), virtual healthcare services
Mental health practitioner benefit up to $5,000 each year
Wellness spending account up to $600 each year
Wellness initiatives created Workplace Strategies for Mental Health, practical tools, tips and training materials designed to help employees and employers prevent and manage mental health issues in and out of the office (freely available for other organizations to use as well)
In vitro fertilization (IVF) $3,000 per lifetime
Maternity top-up (mothers) up to 80% of salary for 15 weeks
Parental top-up (fathers) up to 80% of salary for 10 weeks
Adoption top-up up to 80% of salary for 10 weeks
Flexible work options flexible work hours, shortened work week (fewer hours with less pay), compressed work week, telecommuting

Vacation & Personal Time-Off Rating: B-

Vacation note Canada Life has multiple employee groups, vacation policies may vary by position
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job
Vacation jump vacation increases after 10 years of employment
Maximum vacation allowance employees move to a maximum of 5 weeks of vacation over their career
Personal paid days off employees can schedule 3 personal days off each year, as needed
Company paid days off employees receive 1 personal day off, as determined by their employer
Unpaid leave of absence option yes
Additional time-off information vacation increases to 3.4 weeks after 5 years on the job, no set number of paid sick days per year

Employee Engagement & Performance Rating: A

Employee performance reviews employees receive individual performance reviews every 6 months
Managers receive performance review training yes
360° feedback option as part of the review process, performance feedback is also solicited from co-workers and other managers familiar with each employee's work
Confidential employee feedback employees can also provide confidential feedback on their manager's performance
Exit interview exit interview option is available for departing employees
Performance recognition online recognition platform, individual performance bonuses, on-the-spot rewards, peer-to-peer recognition awards, long-service awards
Outside survey period outside consultant surveys are held every 12 months

Training & Skills Development Rating: A+

Career planning in-house career planning services, online employee skills inventory
In-house training initiatives in-house training, online training, paid internships, subsidies for professional accreditation
Annual tuition maximum employer pays up to $2,000 in tuition subsidies for job-related courses per year
Unrelated tuition maximum employer pays up to $2,000 in tuition subsidies per year for courses unrelated to current position
Unique training & development programs Percipio learning portal (created in partnership with Skillsoft), features nearly 700 pre-curated topics, learning resources in English and French, and personalized learning recommendations connected to the user's interests

Community Involvement Rating: A

Scope of charitable involvement local, national
Employee charitable involvement employees are involved in selection of charities, employees receive paid time off to volunteer, (up to 1 paid day)
Total employee volunteer hours (on company time) over 690 hours last year
Total number of charities supported last year approximately 500 charitable and community organizations were supported last year
Some of the community organizations supported United Way Centraide, Canadian Blood Services and Héma Québec, Hockey Helps the Homeless, Indspire, Crisis Services Canada, Circles for Reconciliation, Connected North
Charitable giving matches employee volunteer hours with company donations
Community highlight Canada Life's charitable focus includes projects that support arts and culture, community development, education, health and wellness, and social services. In 2020, the company raised more than $1.8-million as part of its annual United Way Centraide campaign, along with $1.76-million in corporate donations.
Pandemic-related community initiatives Together, with IGM Financial and Power Corporation of Canada, Canada Life jointly contributed $1-million to support crisis relief efforts in local communities (such as funding for food banks). $100,000 of the joint contribution was donated to The Frontline Fund, to provide healthcare workers with support, supplies and research funding, as well as support northern communities and Indigenous health. In 2020, Canada Life organized a virtual food drive, with employees donating funds equivalent to 100,000 meals (based on estimates from Food Banks Canada).

The Career Directory

Canada Life Assurance Company, The has been selected for The Career Directory, our guide to entry-level recruitment for recent college and university graduates.

Highlights for New Grads

Industry Direct life insurance carriers
Full-time employees in Canada 10,001 to 25,000
Parent company Great-West Lifeco Inc.
Parent company head office Winnipeg MB
Major Canadian hiring locations Winnipeg MB, London ON, Toronto ON, Montréal QC, Regina SK
Student opportunities paid internships, summer jobs, co-op opportunities
Training subsidies for professional accreditation, orientation program, online training, in-house training, in-house career planning services
Annual tuition maximum employer pays up to $2,000 in tuition subsidies for job-related courses per year
Typical new grad positions Graduates would occupy Finance, Actuarial, Technology and Digital Strategy roles and various Management positions.
Starting salary $40K to $45K
Work benefits health benefits for new employees, flexible work hours, telecommuting, employees receive paid time off to volunteer, (up to 1 paid day)
Vacation allowance new employees receive 3 weeks of paid vacation after their first year on the job

Academic fields recruited

Recruits at these schools


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