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10 Best Life Insurance Companies in Canada Largest Insurance Companies in Canada. Best Life Insurance Companies based on their share of the life insurance market which is the amount of premium in Canada. The best life insurance companies in Canada bring the benefits for you like you can save your money on your monthly or annual premiums, provide adequate insurance coverage, and secure the financial future of your beneficiaries. Finding the Right Life Insurance Polic y can be a matter of tricks. No doubt the costs you incur are often top of mind but other factors also come into play: Answers to these and other questions are important while choosing the best life insurance for your needs. According to a Recent Study , 62% Canadians with life insurance get it through their employer. When the pandemic started, more people appeared to have bought or considered life insurance where a good portion of them are also being sold “ Expensive Permanent Policies ”  which they don’t need. Below, I