Securian Canada Life Insurance Review (2025 Update!)

^{‍Disclaimer: PolicyMe is a third-party administrator of Securian Canada’s life insurance policies. PolicyMe's editorial team has made every effort to ensure the accuracy, transparency and integrity of our review.}

Who is Securian Canada (formerly Canadian Premier)? 

Canadian Premier Life Insurance Company, now operating under the brand Securian Canada as of 2023, is a well-established insurer with decades of experience serving policyholders. It’s a subsidiary of the U.S.-based Securian Financial Group, although this financial services company is headquartered in Toronto.

With over 3 million Canadians insured, Securian Canada specializes in life insurance, critical illness insurance, and creditor insurance. Securian underwrites coverage for partners like credit unions, banks, and other associations.

Employee reviews are also positive, according to Securian Canada employees.

• Named a “Great Place to Work” for third consecutive year in 2025
• Paid out $5.5B in benefits to customers in 2024
• Over 23 million customers in North America in 2025

Securian Canada insurance review

When you’re buying life insurance, the strength of the company behind your policy matters. To assess financial strength, Securian Canada is rated by major agencies: AM Best, Fitch Ratings, Moody’s, and S&P. These Securian Canada reviews help show how the company is positioned to pay out claims. 

To give you an idea on how other life insurance companies compare to Securian Canada’s strong industry reputation and financial stability, we’ve pulled scores for Sun Life and RBC. You can find more insurer ratings in our comprehensive review of the best life insurance in Canada. 

Securian is best for:

Individuals and couples who want flexible term life coverage now with the option to convert later, and who don’t require fully digital, self-serve policy management.

Methodology

PolicyMe’s rankings are based on an independent, data-driven review of Canada’s best life insurance products and providers. 

Our analysis combines 450,000+ quotes for 50+ life insurance products with in-depth research on 20+ providers. We assigned each product a star rating out of five based on a mix of average pricing, Google Review scores, and shopping convenience, then ranked the results in 12 categories.

Rankings are determined first by star rating and then by price, with preference given to expert recommendations by PolicyMe’s team of life insurance advisors. Our findings are entirely data-driven and do not include paid placements, but should not be considered a substitute for personalized financial advice.

Securian Canada life insurance: pros & cons

Pros

Cons

*You can get a life insurance quote through third-party administrators of Securian Canada's policies.

PolicyMe is one of these administrators, thanks to streamlined technology that permits a speedy application process, giving you a same-quality policy for a more affordable price — without having to speak to a customer service representative.

Securian Canada life insurance cost and value

PolicyMe’s 20-year term life insurance is underwritten by Securian Canada (formerly known as Canadian Premier General Insurance Company). Here we compare costs across different ages and genders for non-smoking individuals of average health. These sample monthly premiums are based on $500,000 in coverage:

Securian Canada insurance policies at a glance

Securian Canada sells a limited range of life insurance products through administrators such as PolicyMe. Let’s take a look at its term life insurance offerings.

Term life insurance through PolicyMe

• Coverage: $100,000 to $5M
• Term lengths: 10, 15, 20, 25, or 30 years 
• Application process: 100% online, most people complete their applications in 20 minutes or less. No medical exams.
• Ideal for: The average Canadian with people who depend on them financially, such as children or aging parents. Most Canadian families need term life insurance over other insurance products.
• Good to know: PolicyMe has streamlined the traditional life insurance process with technology, offering families some of the lowest rates for term policies in Canada.

PolicyMe is a third-party administrator of Canadian Premier’s term life insurance policies. 

PolicyMe provides the quote and application process online, approves the policy and puts together the paperwork. We also refer your application to underwriting (meaning: for further analysis) and set up your nurse visit, if you need one. Once you’ve signed a policy with us, we’re your point of contact. We’re also who your beneficiaries contact if they need to make a claim.

Another important thing to know: PolicyMe isn’t owned or operated by Securian Canada. We were established in 2018 by three Canadian life insurance and engineering executives who set out to make the buying process for life insurance easier, more transparent and more affordable.

Bottom line: Securian Canada offers long-standing financial strength & stability

• If financial strength is a top priority, Securian Canada is an exceptional choice. Families looking for straightforward, dependable life insurance coverage will find it here.
• You can’t buy directly from Securian, coverage is only available through partners like PolicyMe. PolicyMe makes the process quicker and more affordable, with the same strong protection behind it.
• The bottom line: strong insurer, streamlined process, and coverage that financially protects your loved ones when it matters the most.

FAQ: Securian Canada life insurance review

^{* ** The life insurance premium rates in this article are based on publicly available figures as of December 2025.}

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