Company Information

Get to know Canada Protection Plan Inc

Founded in 1992, Canada Protection Plan Inc. is a prominent Canadian life insurance distributor and a leader in providing No Medical and Simplified Issue insurance products. The company's mission is to make insurance accessible to all Canadians, especially those who may have difficulty obtaining coverage due to health conditions, occupations, or age. They offer a range of permanent and term life insurance, as well as critical illness and health and dental plans. In 2020, Canada Protection Plan was acquired by Foresters Financial™, a major international financial services provider. Policies issued by Canada Protection Plan are underwritten by Foresters Life Insurance Company.

Industry

Financial InsurancePRIMARY
Financial Other Service

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Canada Protection Plan Inc

Canada

Founded in

01 Jan 1992 (34 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.