November 5, 2014
The Financial Services Commission of Ontario (FSCO) is warning consumers that Jessica G. and Great.Life.Insurance are not licensed to do insurance business in Ontario.
This individual has contacted the public via e-mail from the address Compare-Life-Rates@exactly-lifeinsurance.us. This individual appears to be selling false life insurance with Transamerica and other organizations under the company name Great.Life.Insurance. There is no registered company or corporate agency with this name.
It should be noted that Great.Life.Insurance is not affiliated or associated with The Great-West Life Assurance Company, which is licensed by FSCO.
Consumers should exercise caution if they are contacted by anyone from this e-mail address.
If consumers purchase items or insurance from agents or insurers that are not licensed in the province, they are not protected under the Insurance Act and the regulations that govern Ontario’s licensed insurance companies and agents.
FSCO's website contains a list of all insurance companies and agents licensed to do business in Ontario. The Registered Insurance Brokers of Ontario (RIBO)'s website contains a list of all brokers licensed to do business in Ontario.