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The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Discover the new Canada Life

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Discover the new Canada Life

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Freedom 55 Financial is a division of The Canada Life Assurance Company and the information you requested can be found here.

The first of its kind in Canada, this program allows employees to focus on reducing their student debt while you contribute to their retirement savings. 

As they repay their loans, you contribute to their group retirement and savings plan, helping them gain a strong financial footing both now and for the years to come. 

As a plan member pays down their student loan debt, your employer-matched contributions are directed to their plan:

Our experts can help you figure out an approach that works for your business.

For many Canadian graduates, student loan debt is a barrier to saving for the future: 

of Canadian students graduate with student loan debt.1

Related to group retirement and savings