[5] John Kenneth MacDonald's daughters, Peggy Latimer and Ann Macintosh, never were operationally involved in the firm, but they did inherit ownership from their father.
In 1969, J. Craig Davidson became president and for the first time, the firm was no longer led by a member of the Macdonald family.
Confederation Life was forced into liquidation in 1994, with the process beginning on August 11.
The international operations of the company made the liquidation process somewhat complex.
It was the third liquidation of an insurance company in Canada in consecutive years, following Les Coopérants in 1992 and Sovereign Life in 1993.