It was incorporated in 1923 and is a subsidiary of E-L Financial Corporation Limited of Toronto, Ontario, Canada.

The company provides individual life, health and investment products as well as group life and health products through independent distribution partners including financial advisors, management general agents, national account firms and employee benefit producers.

In 1968, E-L Financial Corporation Limited [3] acquired 94% of the outstanding shares of Empire Life.

The remaining 1.7% of Empire Life common shares are widely held by various individual shareholders.

[4] Individual Insurance Term life insurance, Permanent life insurance and Critical illness insurance Wealth Management Segregated funds, Portfolio funds, Guaranteed Interest Options (GIOs), Registered Retirement Income Fund including a Guaranteed Minimum Withdrawal Benefit (GMWB) product, Group Registered Retirement Savings Plan, Mutual Funds through Empire Life Investments Inc. Group Benefits Small and medium business group life and health insurance plans, group life and health insurance plans for 20+ employees, Administrative Services Only (ASO) contracts, cost plus arrangements and disability management