Based on the type of product you hold, details of the change to Beneva can vary.
The following chart explains how this change applies to your situation:
Type of product you holdHow this change affects you Home, car or recreational vehicle insurance with SSQ, Life Insurance Company Inc. (including replacement insurance)Your home, car or recreational vehicle insurance policy underwritten by SSQ, Life Insurance Company Inc. and its renewal have been transferred to Beneva Insurance Company, your property and casualty insurer since January 1, 2023.
You continue to benefit from the same coverage until your next renewal and your claims are processed as usual.
Until December 31, 2022, Beneva Insurance Company was known as La Capitale General Insurance Inc. Home, car or recreational vehicle insurance with La Capitale General Insurance Inc.On January 1, 2023, La Capitale General Insurance Inc. changed its name to Beneva Insurance Company.
You continue to benefit from the same coverage until your next renewal and your claims are processed as usual. Home, car or recreational vehicle insurance with Beneva Insurance CompanyYour insurance policy was issued or renewed with Beneva Insurance Company as of January 1, 2023. Group benefits, life and health insurance, or investment products with SSQ, Life Insurance Company Inc. or La Capitale Civil Service Insurer Inc.On January 1, 2023, La Capitale Civil Service Insurer Inc. and SSQ, Life Insurance Company Inc. joined forces to become Beneva Inc., your new life and health insurer.
This won’t affect your current coverage. Claims and disability benefits are processed as usual and there are no changes to your investments. No action is required on your part. Mutual fund investments handled by a Beneva Inc. representativeBeneva Inc. transferred its mutual fund brokerage business to its subsidiary, Beneva Investment Services Inc.
This won’t affect your investments or business relationship with your representative. He or she will simple be attached to Beneva Investment Services Inc. from now on as a distribution partner for mutual funds. No action is required on your part. Individual life and health insurance with La Capitale Financial Security Insurance CompanyNothing changes for you. This insurer continues to operate separately under the same name.