Viaticus Canada Inc.
- Location : Toronto, Ontario
- Sector : Collateralized insurance policy lending
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Meet
Viaticus Canada Inc. is pioneering a new, socially responsible financial solution that allows North American life insurance policyholders to monetize the future value of their death benefit through non-recourse viatical loans. These loans provide seniors with immediate liquidity to fund home health care, long-term care, or supplement retirement income—without selling their policy or burdening heirs.
Viaticus Canada derives its name from Viaticus, a former U.S. subsidiary of CNA Life that operated viatical settlements in the 1990s. Building on that legacy, Viaticus Canada is focused on creating a transparent, regulated, and scalable alternative to traditional insurer living benefits, which are often capped, restrictive, or unavailable to many seniors.
Problem They’re Solving
Millions of North American seniors own life insurance policies but lack critical illness (CI) or long-term care (LTC) coverage. As healthcare and living costs rise with inflation, many retirees face mounting monthly expenses while their largest financial asset, their life insurance death benefit, remains illiquid.
Existing insurer solutions are limited:
Living benefit loans are capped and typically restricted to short life expectancies
Accelerated death benefit riders often require terminal diagnoses and offer limited payouts
Many seniors simply do not qualify at all
Solutions Provided by Viaticus
Viaticus Canada offers non-recourse viatical loans secured by a collateral assignment of a life insurance policy. Policyholders receive immediate funds, interest accrues over time, and repayment occurs directly from the insurer at policy maturity. If the loan balance ever exceeds the death benefit, the borrower owes nothing further.
This structure allows seniors to:
Access liquidity without selling their policy
Preserve dignity and financial flexibility
Fund care needs or enhance retirement income
Opportunity Highlights
- No bank or financial institution in Canada or the U.S. currently offers true viatical loans
- Insurer living benefit loans are limited to their own policyholders and tightly capped
- U.S. accelerated death benefits typically require <1 year life expectancy
- Strong ESG alignment, supporting seniors and charities holding donated life policies
- Proven actuarial underwriting and life-expectancy valuation expertise
Where They Are Headed
- Viaticus Canada is actively engaging with major Canadian financial institutions that already serve retirees through reverse mortgages and cash surrender value (CSV) loans.
- Management has held discussions with senior executives from Home Equity Bank and EQ Bank regarding potential partnerships or joint ventures.
- As regulatory clarity evolves, particularly at the federal level. Viaticus Canada is positioned to become the category-defining platform for viatical lending in Canada and cross-border North America.
Management Team
Daniel Kahan, ASA – Founder & CEO
International actuary with over 30 years of experience across the UK, South Africa, the U.S., and Canada. Founder of Life Valuation International and a recognized expert in life expectancy modeling, viatical valuation, and insurance innovation.
Margaret Gilmour, CPA – Advisory Board
Recently retired Auditor and Chief Compliance Officer at Aviva Canada. Brings deep experience in banking, securitization, and regulatory compliance from Aviva and BMO (Chicago).
Key Metrics
- Successor company to Canadian Life Line Ltd. (est. 1995, Nova Scotia)
- Raised $300K seed capital from actuarial and accounting professionals
- Deployed over $200K in viatical loans, all repaid in full except one surviving insured
- One policy later sold to MaxLife Fund, which went public in 2006 (OTC: MXFD)
Milestones
- Arranged a US$825K cross-border viatical loan at 8% on a 94-year-old U.S. policyholder with a US$1.62M Sun Life policy; lender repaid in full upon maturity in 2025
- Canadian Life Line’s 1996 Private Bill influenced later Ontario legislative reforms (Red Tape Reduction Act, 2000)
- Ongoing advocacy for a transparent, federally consistent regulatory framework
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