Necessity being the mother of invention, Acadians living in Massachusetts sought to equip themselves with the means to assist the less privileged in their community. This is how Assumption Life came to be.
Their goal was to ensure the well-being of families and to provide young Acadians the means to further their education.
In 1913, la Société l’Assomption moved to Moncton. The magic number of 10,000 policies was reached in 1929, and company assets reached $1 million in 1938. Twenty years later, la Société l'Assomption has $100 million in life insurance policies in force.
In 1968, the fraternal society became a mutual insurance company and adopted the name Assumption Mutual Life Insurance Company. Today, Assumption Life is one of the few mutual companies in Canada.
In 2006, Assumption Life redefined the boundaries of its traditional market. The New Brunswick company extended its activities nationally. This move has taken Assumption Life to new heights.
Today Assumption Life has a presence right across the country. Working with our many brokers, we do everything we can to create a positive experience for all of our clients.
Assumption Life’s 100th anniversary album