The CEO of Wawanesa Life Insurance Company is Kenneth E. McCrea, who has helped the company make an A rating with AM Best. Based on information compiled from AM Best on data from 2010, the company’s assets almost reached $550,000 and new premiums written totaled over $86,000. Wawanesa Life Insurance Company has a unique and competitive lineup of insurance products including a universal plan as well as a 10-year and 20-year plan.
Redesigned in 2007, the universal life plan allows for four different, renewable COI annual terms. These plans contain investment options with the company having six: daily interest, fixed interest, Canadian equity index, U.S. equity index, International equity index and Canadian bond index.
A huge casualty and property carrier, Wawanesa Life Insurance Company offers two term insurance products: Term 10 and Term 20, also known as LifeStyle Term. The Term 10 insurance plan is designed to be suited for individuals between 18 and 70 years of age while the Term 20 insurance plan is tailored to those between 18 and 60 years of age. Both plans are convertible (into permanent policies up to the age of 70 without a required medical exam), renewable and are available on first-to-die, multi-life or individual or basis. These plans can be purchased along with an accidental death benefit, disability waiver as well as a children’s term rider, which is available from $2,000 to $20,000 at the cost of $5 each year for each thousand dollars taken out in the policy.
The company’s physical and mailing address is as follows:
Wawanesa Life Insurance Company
191 Broadway 2nd Floor
Winnipeg, Manitoba
R3C 3P1
Wawanesa Life Insurance Company can be reached via telephone at 204-985-3940, toll-free at 1-888-997-9965, by fax at 204-947-5192, by e-mail at life@wawanesa.com and on the web at www.wawanesalife.com.