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Canada Life Reviews

3.6
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Recommend to a friend
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Canada Life President and CEO D. Allen Loney
D. Allen Loney
1 Rating
  • Terrible Culture, Terrible Pay

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Toronto, ON (Canada)
    Former Employee - Anonymous Employee in Toronto, ON (Canada)

    I worked at Canada Life (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    - some nice older workers there who generally have a love of life - Christmas parties and other social events - on-site cafeteria that was subsidized - on-site nurse office with immunizations and a sick room - on-site daycare (not subsidized) - okay work-life balance - you will never get fired

    Cons

    - management micro-manages you down to the minute - management of budget is extremely prudent and it is difficult to get basic office supplies - poor usage of technology - extremely inefficient due to many older workers staying with the company for pension - really poor base pay

    Advice to Management

    Accept feedback from workers and actually take it seriously. Recognize employees that have potential to move up and are ambitious and then give them the opportunity to do so. Don't overly micro-manage processes that can simply be automated.


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Additional Info

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Website www.canadalifefinancial.com
Headquarters Toronto, Canada
Size 1000 to 5000 Employees
Founded Unknown
Type Subsidiary or Business Segment
Industry Insurance
Revenue $500 million to $1 billion (USD) per year

Canada Life Financial is the parent of Canada Life Assurance which offers both group and individual policies for life, critical illness, creditor, and disability insurance as well as reinsurance. Canada Life Assurance also provides annuities, pension plans, trusts, and other investment products, along with financial and investment management. In addition to serving customers in Canada, the company does business in Germany, Ireland, the Isle of Man, the UK, and the US. Canada Life Financial is a subsidiary of Great-West Lifeco, which is itself controlled by the Power ... More

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