Canada Protection Plan

Not to be confused with Canada Pension Plan.
Canada Protection Plan
Company typeSubsidiary
IndustryInsurance
Founded1992
HeadquartersToronto, Ontario, Canada
Key people
Matt Berman (President, Foresters Financial in the U.S. and Canada)
ProductsLife insurance
ParentForesters Financial
Websitecpp.ca

Canada Protection Plan (French: Plan de protection du Canada) is a Canadian life insurance distribution company headquartered in Toronto, Ontario. Founded in 1992, its primary product is "no medical and simplified issue" life insurance sold directly and through a network of insurance advisors.[1] In November 2019, the company opened an office in Montreal, Quebec.[2][3]

On October 1, 2020, Canada Protection Plan was acquired by Toronto-based fraternal life insurer Foresters Financial.[4][5] Foresters has been the exclusive underwriter of Canada Protection Plan's life insurance products since 2008.[6] With the acquisition, Canada Protection Plan is now a Foresters Financial company.[7][8] Foresters continues to operate as it did in the United Kingdom and the United States.[9]

Matt Berman, the President of Foresters Financial in the U.S. and Canada, also oversees Canada Protection Plan.[10]

  1. ^ Moorcraft, Bethan (2018-02-19). "'We are our own disruptor!'". Insurance Business Canada. Retrieved 2020-12-16.
  2. ^ Thériault, Alain (2019-11-26). "Plan de protection du Canada ouvre son premier bureau au Québec". Portail de l'assurance (in French). Retrieved 2020-12-16.
  3. ^ Almazora, Leo (2019-11-27). "Canada Protection Plan opens Montreal office". Life Health Pro Canada. Archived from the original on 2020-08-11. Retrieved 2020-12-16.
  4. ^ Mezzetta, Rudy (2020-10-02). "Foresters and Canada Protection Plan announce merger". Advisor's Edge. Archived from the original on 2020-10-05. Retrieved 2020-12-16.
  5. ^ "Foresters Financial agrees to combine with Canada Protection Plan". Life Insurance International. 2020-10-05. Retrieved 2020-12-16.
  6. ^ Cluett, Mark (2020-08-18). "Canada's biggest life insurance companies". PolicyAdvisor. Retrieved 2020-12-16.
  7. ^ "Foresters Financial, Canada Protection Plan to merge operations". NS Insurance. 2020-10-05. Retrieved 2020-12-16.
  8. ^ Almazora, Leo. "Foresters Financial and Canada Protection Plan declare union". Life Health Pro Canada. Archived from the original on 2020-10-27. Retrieved 2020-12-16.
  9. ^ "Foresters Financial and Canada Protection Plan join forces". Foresters Financial. Archived from the original on 2020-10-27. Retrieved 2020-12-16.
  10. ^ "Matt Berman Named President, Foresters Financial US and Canada". 2023-03-01.