Ivari Insurance (formerly Transamerica Life Canada) is a life insurance and investment company committed to making the process of selecting and buying insurance as simple as possible for their clients.
Ivari Insurance
| Founded | 1927 |
|---|---|
| Headquarters | Toronto, Ontario |
| Employees | 501 – 1,000 |
| Insurance Products* | Universal life, Term Life, & Critical Illness Insurance |
| Provinces Licensed | AB, BC, MB, NB, NL, NWT, NS, NU, ON, PEI, QC, SK, YT |
Get a Life Insurance Quote Today
Get a Quote nowWe have more markets and more choice than any other broker in Ontario. rnSpeak with a broker today: 1-800-731-2228
Company Overview
With the assistance of a team of knowledgeable insurance advisors and an intuitive digital insurance calculator, ivari makes it easy to choose an insurance package that fits your life and your needs.
Specializing in several types of life insurance and risk coverage for critical illnesses, ivari Insurance provides a safety net for its customers in Ontario. The company shows a legitimate investment in helping their clients stay healthy. With resources helping customers make the most out of their life insurance plans with the company, ivari Insurance strives to achieve its mission of being a transparent, approachable company for customers in Ontario.
Clients rely on ivari life insurance for the following features:
- A wide selection of life insurance options
- Innovative digital tools that help clients identify and learn their unique coverage needs
- A user-friendly website that provides timely, helpful information
Ivari insurance offers universal life insurance, 10-year, 20-year, and 30-year term life, and coverage for critical illness, and does so in terms that make it easy for any client to understand, even those without much experience in shopping for insurance.
Because the company offers so many life insurance products accompanied by a substantial amount of information for customers to absorb, ivari has built itself a reputation in Ontario as a customer-friendly, benevolent insurance company. This reputation extends to the independent advisors with whom the company partners, as well as the third-party brokers that often facilitate sales between ivari and their customers.
Get a Life Insurance Quote Today
We have more markets and more choice than any other broker in Ontario. Speak with a broker today: 1-800-731-2228
The Advantages of ivari Insurance
Although ivari’s insurance coverage is limited to life insurance, they offer options for a variety of budgets. Ivari Insurance is a people-first company, committed to doing one thing and one thing well, which is far preferable to an insurer who offers limited choices in many different coverage categories.
As such, ivari Life Insurance has become a fixture in the Ontario community, using their assets to make charitable donations to several local causes. They also offer support to brokers and advisors, a way that the company attempts to make the process of buying and facilitating their product sales as simple as possible.
Here are some of the benefits that ivari Insurance offers their customers:
- Personal, compassionate service. ivari is committed to being a leader in personal service through its entire industry. The mix of knowledgeable advisors and brokers supported by the company, as well as a breadth of information for customers and simple explanations regarding the company’s available insurance policies, ivari has established itself as a leading innovator in customer-friendly business.
- Extensive options in life insurance products. As mentioned, life insurance is what ivari specializes in, and they offer a variety of plans to fit the needs of a diverse customer base throughout Ontario. With universal, comprehensive life policies as well as three different lengths in the way of term life policies, a region with diverse customer needs receives unmatched coverage.
- Access to the intuitive insurance calculator My Insurance View. My Insurance View gives shoppers for insurance a snapshot of the benefits of buying various different life insurance plans as a way to help them decide which coverage best meets their needs. This can be a huge help for someone shopping for health insurance, especially for the first.
Ivari Life Insurance Products
Ivari is an industry leader in providing risk protection in the areas of life insurance and critical illness. Here are the company’s available options in terms of insurance products:
Universal Life Insurance
Ivari offers just one universal life policy, with the following primary benefits:
- Living benefits: on the event of the policyholder becoming disabled, the beneficiaries would have access to the benefit to use for treatment.
- Compassionate Assistance Program (CAP): In the event of the policyholder being diagnosed with a terminal illness, they would be able to take a loan out of their life insurance.
In addition, riders can be added to universal life policies, with the following options:
- Critical illness protection
- Level cost of insurance
- Payor waiver of monthly deductions
- Children’s insurance
- Term riders
- Waiver of planned premiums
- Accidental death and dismemberment
- Waiver of monthly deduction
Term Life Insurance
Ivari offers term life policies in lengths of 10, 20, or 30 years with the third option having several optional enhancements.
- Term 10
- Term 20
- Term 30 with Select Options
If a customer opts for SelectOptions with their 30-year policy, they have three options, all of which kick in between the 15th and 20th year of the policy.
- Select30: the policyholder can decrease payments and reduce the extent of coverage for the remainder of the policy.
- SelectLIFE: the benefits of Select30 with added lifetime final expense benefits.
- SelectVALUE: policyholders can access the cash value of their policy by decreasing the coverage or transferring to a universal life policy.
Critical Illness Insurance
Ivari also offers coverage for critical illness to their customers, providing a lump sum benefit to policyholders in the event of their diagnosis with a critical illness.
Get a Life Insurance Quote Today
Get a Quote nowWe have more markets and more choice than any other broker in Ontario. rnSpeak with a broker today: 1-800-731-2228
Rating: .5
.5 /5 stars
Stay away from Avari
Both my parents paid diligently into their life insurance policies for over 40 years. The company’s changed hands over the years. My mother passed 10 years ago and after my father passed in August 2024 the policy had ended up with Avari. Now, after trying for over 4 months to execute my fathers final wishes and realize the policy he paid for and left for his family, Avari has yet to pay it out. They have made so many excuses, dont return calls or emails and offer no resolution. Dont make the same mistake my parents unwittingly did. Find another insurance provider. This has been a horrible experience.
Rating: .5
.5 /5 stars
Sadly Disappointed
After 20 faithful years with this company, my policy matured and I decided to cancel. I did not receive a maturity notice and I did not notice the new large premium withdrawals from my account right away. Tragic family circumstances had my attention elsewhere. When I finally realized I, right away, cancelled my policy and asked for a refund dating back to maturity. Ivari refused. After 20 years they refused me this kindness. I do not recommend dealing with this company as they truly feel nothing for their clients. Money is their only bottom line.
Rating: .5
.5 /5 stars
A company hard to trust and unreliable
I started with this shady company through a broker/agent, been with them for 4 in years or so, out of the sudden they asked me proof of a official document from other country I may have income (I’m inmmigrant as many others) but how can I prove that when I work and live Canada for the the last almost 15 years, working and living in Canada 24/7, where the heck I am going to have income from other country, they are threatening to “report” me to CRA, it’s like they don’t know what docs need to ask you when they sign you in, my worst mistake in the last years
If I should have known this “·$%& I would never have signed for this **** of company
And when I asked if I can the have my money back and cancel this crap they told me that I would lose all the money (200 dollars monthly for more than 4 years) ****** company!!
Rating: .5
.5 /5 stars
Crooks work here
Dont deal with this insurance company if you value your sanity. They make you jump through hoops and then bleed you dry when you go to make a claim. Stay as far away from these crooks as possible.
Rating: 5
5 /5 stars
Best insurance so far
Great options, bigger coverage approval
Rating: 1
1 /5 stars
They will Rob you of your Money
I got robbed by these people telling you That you can access your money in time of need and next thing you know you cant get it because they tricked you. We lost almost 5k Cad. Im from Fredericton New Brunswick. My advice dont trust these people. Especially new comer. He will come to your house and force you to sign documents. Karma will be on them Im sure of it. I did not get my money back but more blessings we got after that. Please if you need insurance go to a bank!
Rating: 1
1 /5 stars
No comments
Been with NN Financial , now Ivari for the past 25 years
One the worst companies to deal with ,
want to make some changes to policy, been in their office in Toronto three times, have called more than 15 times, sent three e mails,
no good useless company, will not deal with them anymore, ask others in my business to go to others
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