Canada Life Financial Corporation was acquired in 2003 by Great-West Lifeco Inc. in a landmark multibillion-dollar transaction that united major Canadian insurance institutions under common ownership. Years later, in 2019 and 2020, Great-West Lifeco completed a massive internal consolidation strategy, officially merging Great-West Life, London Life, and Canada Life into a single operating company under the unified banner of The Canada Life Assurance Company.
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