London Life Insurance Company
| |
Subsidiary | |
Industry | Financial Services (Insurance) |
Founded | 1874 |
Headquarters |
255 Dufferin Avenue London, Ontario, Canada N6A 4K1 |
Key people | Paul A. Mahon, president and chief executive officer[1] |
Parent | Great-West Lifeco and Power Financial |
Website | London Life |
The London Life Insurance Company is a Canadian life insurance company best known for its "Freedom 55" slogan, which evokes saving money to an extent that would allow one to retire at age 55. London Life is a part of Great-West Lifeco subsidiary The Great-West Life Assurance Company, which in turn is controlled by Power Financial Corporation. Great-West Lifeco owns 100% of The Great-West Life Assurance Company. Power Corporation owns 72% of Great-West Lifeco, the only one of those finance companies to be a member of the TSX Composite Index.
The company reportedly had assets under management of $40 billion (Canadian funds) as at December 31, 2004, and 1.9 million participating life insurance policies.
Paul A. Mahon is the chief executive officer of The Great-West Life Assurance Company.
London Life was founded in London, Ontario in 1874, and remains headquartered there.