Assumption Life Insurance Broker
About Assumption Life Insurance
Assumption Life was founded as la Société l'Assomption, a small life insurance agency in Waltham, Massachusetts in 1903 by descendants of French colonists known as Acadians. The company operated in Massachusetts until moving up north to Moncton, New Brunswick, Canada in 1913. Assumption Life operated as a fraternal society until 1969 before becoming a mutual, customer membership-oriented organization.
Throughout the years, Assumption Life’s assets and the number of policyholders increased with 10,000 policies being issued in 1929, company assets totalled $1 million in 1938, and $100 million worth of life insurance policies were administered by 1958. The company now employees 230 employees and corporate governance and excellent employees has received praise from Aon Hewitt, recognizing Assumption Life as one of the Best Employers in Canada for 2016. Assumption Life was also highly praised and ranked 9th out of Canada’s Top 101 Companies in Atlantic Canada in 2015 by Progress Magazine.
By the turn of the century, Assumption Life has become an unquestionable influence in Atlantic Canada’s economy, with 85,000 active policies and $1.6 billion worth of assets under management in 2015. Assumption Life plans to double its size by 2020 with the development and implementation of insurance, investment, and retirement savings solutions to ensure sustainable social and economic progress.
Assumption Life is strongly committed to corporate social responsibility with pledges and donations of funds and human resources to various causes. The company ensures that employees get involved in the communities and engaged in causes like Movember, as well as community involvement with the United Way, the Tree of Hope, Greater Moncton Progress Club, which is a non-profit organization which accepts volunteers to assist in the outreach program for youth. Assumption Life is involved in other important causes related to health and wellness, education, arts and culture, sustainable preservation of the environment, socio-economic development, and the development of local communities.
After 113 years, Assumption Life continues to pursue its goal of establishing itself as a leader in the financial securities industry. The company commits to maintaining a motivated workforce and always improving client and partner relations.