: In Canada, the parent company consolidated its brands (Great-West Life, London Life, and Canada Life) under the single Canada Life brand in 2020. Notable Products & Litigations Great-West Smart Track Variable Annuity - SEC.gov
: The company's retirement services division officially rebranded as Empower , focusing on retirement plan management rather than individual insurance products.
: This decision significantly restricted the ability of insurance plans to recover medical expenses from participants' personal assets. Corporate Transformation & Sale great west annuity
The primary "article" associated with Great-West Annuity is the landmark 2002 U.S. Supreme Court case, . This case is a cornerstone of ERISA (Employee Retirement Income Security Act) law, specifically regarding what constitutes "equitable relief". Key Legal Case: Great-West v. Knudson
: In 2019, Great-West sold substantially all of its individual life insurance and annuity business to Protective Life for approximately $1.2 billion. : In Canada, the parent company consolidated its
In recent years, Great-West Life & Annuity Insurance Company (GWL&A) has shifted away from the individual annuity market:
: The Supreme Court held that Great-West could not sue for money damages under ERISA §502(a)(3) because such a claim was "legal" rather than "equitable". Key Legal Case: Great-West v
: Great-West sought to enforce a reimbursement provision after a beneficiary received a settlement from a third party following a car accident.