Teachers Life Insurance Society (Fraternal),

operating as A trade name, trading name, or business name is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is fictitious business name. Registering the fictitious name with ...

Teachers Life, is a Canadian

fraternal benefit society A benefit society, fraternal benefit society, or fraternal benefit order is a voluntary association formed to provide mutual aid, benefit, for instance insurance for relief from sundry difficulties. Such organizations may be formally organized with ...

which provides

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typical ...

and

disability insurance Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for completion of core work func ...

to members in

Alberta Alberta is a Provinces and territories of Canada, province in Canada. It is a part of Western Canada and is one of the three Canadian Prairies, prairie provinces. Alberta is bordered by British Columbia to its west, Saskatchewan to its east, t ...

British Columbia British Columbia is the westernmost Provinces and territories of Canada, province of Canada. Situated in the Pacific Northwest between the Pacific Ocean and the Rocky Mountains, the province has a diverse geography, with rugged landscapes that ...

and

Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...

History

Teachers Life was founded to by a group of

secondary school teachers with the goal of helping each other. Teachers Life was incorporated in 1939 and federally incorporated in 2008.

Structure

Teachers Life is a Fraternal Benefit Society providing life insurance products to its members. As a Fraternal Benefit Society membership is limited to members of the education community and their immediate families. Teachers Life is regulated by the

Office of the Superintendent of Financial Institutions The Office of the Superintendent of Financial Institutions (OSFI; , BSIF) is an independent agency of the Government of Canada reporting to the Minister of Finance created "to contribute to public confidence in the Canadian financial system". ...

and

Financial Services Commission of Ontario The Financial Services Regulatory Authority of Ontario (FSRA; ) is a self-funding Crown agency which acts as the financial regulator for the Canadian province of Ontario. Established in 2016, FSRA officially succeeded its predecessor agencies � ...

References

{{Reflist Philanthropic organizations based in Canada Mutual organizations Organizations established in 1939 Life insurance companies of Canada