Unity Life of Canada signs administrative services agreement with TPA Outsourcing Inc.



    Agreement will involve the administration of Canada Protection Plan
    products

    TORONTO, Oct. 24 /CNW/ - Unity Life of Canada today announced it has
signed an administrative service agreement with TPA Outsourcing Incorporated.
    While the terms of the agreement are not being disclosed, the agreement
calls for TPA Outsourcing Inc. to provide full life insurance administration
services to Unity Life's Canada Protection Plan (CPP) block of business,
including new business and inforce policy administration, claims and agency
administration. Administration services are scheduled to come into effect in
November.
    Anthony Poole, President and CEO of Unity Life confirmed: "This agreement
emphasizes our continued strategy to leverage our networked insurance company
model. Through arrangements with business outsourcing partners such as TPA
Outsourcing Inc., we gain access to best-of-breed support to ensure we meet
the service requirements of our specialty distribution partners. We are
committed to supporting the needs of our distribution partners and
policyholders as we continue our growth strategy to become a leading niche
player in the Canadian market."

    About Unity Life

    Unity Life of Canada is a Canadian incorporated mutual life insurance
company, which provides financial security to Canadians through innovative
life insurance products and services. The company originated in 1898 as the
Insurance Department of the Subsidiary High Court of the Ancient Order of
Foresters. It was incorporated as a mutual company in 1934, subsequently
changing its name to Toronto Mutual Life Insurance Company. In 2002, Toronto
Mutual Life amalgamated with its subsidiary, The Western Life Assurance
Company, as Unity Life of Canada. Based in Mississauga Ontario, Unity Life
currently has more than 175,000 policyholders, $13 billion of insurance
inforce, and over $500 million in assets. Unity Life's web address is
www.unitylife.ca.

    About TPA Outsourcing

    Toronto-based TPA Outsourcing Inc. is a third-party administration
company providing full-service business process outsourcing services to
Canadian insurance companies. The mandate of the Company is to deliver service
with compassion and innovation to meet the needs of insurers, distributors and
policyholders. At its foundation is TPA Outsourcing Inc.'s responsive,
proactive staff of industry experts. Our results speak for themselves.





For further information:

For further information: Media Contacts: Unity Life, Alison Stemp, (905)
219-8008, astemp@unitylife.ca; TPA Outsourcing Inc., Jennifer Russell, (416)
447-1020 x3231, jennifer@cpp.ca

Organization Profile

UNITY LIFE OF CANADA

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