UL Mutual


About UL Mutual

UL Mutual is a mutual insurance company serving Quebecers since 1889. The company has also been present in Ontario and New Brunswick since 2004. UL Mutual’s financial condition is the envy of its rivals and its success is mainly thanks to its sound business management and a solid network of over 2000 independent financial security advisors.

UL Mutual distributes products that include life insurance and critical illness insurance as well as savings and retirement investment products. The company also offers solutions in the field of Group Insurance.

UL Mutual’s image is one of stability, durability and avant-gardism. It remains one of the last of Canada’s mutual insurance companies and its members have voting rights at its general meetings as well as the right to elect its board of directors.

UL Mutual is a member of Assuris which administers a guarantee fund established to protect policyholders in the event that their life insurance company should fail.

UL Mutual fact sheet

  • Assets of nearly 650 million dollars
  • Over 7 billion dollars of life insurance in force
  • A solvency ratio of 300%
  • Over 200,000 insured members
  • Over 2000 independent financial security advisors

Our guarantee: the lowest premium

UL Mutual is the only insurance company that offers its insured members the benefit of its individual traditional life insurance products lowest premium guarantee which reads as follows:

« You have just bought an insurance policy for which, to our knowledge, the premium is the lowest or at the very least very advantageous. However, as one cannot predict the future, it could happen, while this policy is in force, that you be offered  an insurance policy that appears similar to this one, but with a lower premium. Should that happen and your health status has not changed, please let us know and we will replace this policy with a new one including conditions similar to the one offered to you but with a revised lower premium. We will then be able to keep you as a client, which is our ultimate goal and you will hence avoid going through all the necessary steps in subscribing to a new insurance policy (medical exams, blood sample, etc…) and starting over with the incontestability and suicide clause periods. Not to mention cash values and paid-up values which would otherwise be further postponed in time. »

Our pledge to you

UL Mutual is known throughout the industry to be a leader in red carpet service. Because of our desire to maintain this reputation, we have introduced this pledge: UL Mutual is committed to providing the fastest possible service to its financial security advisors and their clients.

In less than 24 hours, the financial security advisor will receive:

  • Return calls
  • Notices of receipt of comparative statements
  • Clients' returned cheques
  • Clients' cancellation requests

In less than 48 hours, we will complete...

  • The analysis of new applications
  • The analysis of medical reports and investigative reports
  • The reinstatement of policies

In less than 72 hours, we will complete…

  • The issuing or modification of policies

In less than 5 days, we will issue a cheque for…

  • Death claims
  • Requests for redemption or loan

Our involvement in the community

For several decades, UL Mutual has done its utmost to support Quebec’s cultural and artistic development and our financial collaboration as a good corporate citizen has contributed to cultural growth. We are aware of the need to support the artisans working on the Quebec scene through significant gestures through various types of events and activities. UL Mutual pursues its cultural mission by promoting, amongst others, the visual arts. We also contribute to the improvement of health services principally in the development of diagnostic services and in palliative care.


Back to top

Accident Insurance

Learn more ...

Contact Us


UL Mutual
1 800 567-0988



  • Head Office
  • 142, rue Heriot C.P. 696
  • Drummondville (Quebec) J2B 6W9


UL Mutual
819 474-1990