Clarica Life Insurance Co. provides financial solutions in Canada. It offers a range of health insurance products and services, such as critical illness insurance, sun long term care insurance, personal health insurance, health coverage choice, and disability insurance. The company offers a range of life insurance products and services, which include term insurance, joint term insurance, life insurance, guaranteed choice life insurance, and limited pay life insurance. It also provides a range of investment products and services, including accumulation annuities, flexible income plans, guaranteed investment certificates, life income fund, locked-in retirement income fund, mutual funds, payout annuities, registered education savings plans, registered retirement income funds, and registered retirement savings plans; and group retirement and benefits products and services. In addition, Clarica Life Insurance provides estate and financial planning services. The company, formerly known as Mutual Life of Canada, was founded in 1870 and is based in Waterloo, Canada. As of 05/29/2002, Clarica Life Insurance Co. operates as a subsidiary of Sun Life Financial, Inc.