Insurance and wealth management
I compared dozens of quotes and Great-West Lifeco offered the best balance of coverage and price. The policy wording is clear about what's included and excluded, which I appreciate. Haven't had to claim yet but the reviews from others who have give me confidence. Easy to recommend.
Pros: Competitive pricing, clear policy wording, good coverage
Cons: Haven't tested claims process yet
Great-West Lifeco provides standard insurance products at standard prices. Nothing bad to say but nothing remarkable either. The website works, the documents arrive on time, and the policy does what it says. If you're just looking for basic, no-fuss insurance, they're fine.
Pros: Straightforward, reliable basics
Cons: Nothing distinguishes them from competitors
I never thought I'd be enthusiastic about an insurance company but Great-West Lifeco exceeded all expectations. When I needed to make a claim after a burglary, the process was smooth, the assessor was fair, and the payout was processed within 10 days. Communication throughout was excellent. That's exactly what you pay insurance for.
Pros: Fast claims processing, fair assessment, great communication
Cons: Premium is slightly above average
Paid premiums to Great-West Lifeco for years without any issues. When I finally needed to make a legitimate claim, they found every possible reason to reduce the payout. The process took three months, involved multiple assessors, and the final settlement was far less than the replacement value. Very disappointing.
Pros: Premiums are collected efficiently
Cons: Adversarial claims process, undervalued settlements
Insured with Great-West Lifeco for five years across motor and home policies. Premiums have been reasonable, and the one claim I made was handled professionally. The online quote system is straightforward and the documentation is clear. Auto-renewal means I never worry about gaps in coverage.
Pros: Fair pricing, professional claims handling, clear docs
Cons: Auto-renewal price can creep up if you don't check