New insurance product for charitable donations meant to minimize trafficking risk
Canada Life product addresses insurance-trafficking concerns that have previously dogged donations of life insurance
Top Stories in Insurance
‘Bank run-type scenario’ at lifecos highly unlikely: DBRS
Causes of SVB failure unique to banks but some life insurance contracts with investment features are liquid, report says
- By: Greg Meckbach
- March 21, 2023 March 21, 2023
- 15:43
Hundreds of Ontario insurance agents targeted for CE non-compliance
A FSRA review resulted in 445 letters of warning for failing to complete continuing education hours
- By: Staff
- March 9, 2023 March 9, 2023
- 13:38
Hub Financial acquires BridgeForce in Ontario
Protecting independence of advisors was “foremost” in the decision, BridgeForce co-presidents said
- By: Staff
- February 2, 2023 February 2, 2023
- 13:22
Joint last-to-die policies and liquidity challenges
Consider how to best leverage the special death benefit
- By: Pierre Ghorbanian
- January 30, 2023 January 31, 2023
- 11:46
Seg fund chargebacks: Conflict of interest or good DSC substitute?
Insurance regulators ponder seg fund upfront commissions
- By: Greg Meckbach
- January 27, 2023 January 27, 2023
- 11:26
Manulife partners with Cleveland Clinic Canada
The collaboration aims to promote better health outcomes within group benefits
- By: Staff
- January 26, 2023 January 26, 2023
- 12:39
Total cost reporting guidance for seg funds coming this spring: FSRA
FSRA also reiterated that it wants clients to be protected from seg fund deferred sales charges, regardless of when the funds were purchased
- By: Greg Meckbach
- January 20, 2023 January 20, 2023
- 12:27
FSRA orders Greatway Financial to deliver revised training
Greatway must also send its universal life policyholders information to assist them in assessing the policy's appropriateness
- By: Melissa Shin
- December 22, 2022 December 29, 2022
- 15:38
AMF releases draft seg fund DSC ban for comment
Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds
- By: Greg Meckbach
- December 16, 2022 December 16, 2022
- 12:24
Insurance regulators release guidance targeting unfair incentives
The regulators concluded that some incentive practices may present risks to the fair treatment of customers
- By: Staff
- November 30, 2022 November 30, 2022
- 15:52
Cross-selling opportunities prompt P&C brokerages to buy advisors
Actual assets under management of advisor aren’t always worth purchasing on their own
- By: Philip Porado
- November 25, 2022 November 25, 2022
- 14:53
FSRA proposes DSC ban for seg funds
Proposal would eliminate regulatory arbitrage between seg funds and mutual funds
- By: James Langton
- November 25, 2022 November 25, 2022
- 11:17
How to talk to young clients about life insurance
The younger you are, the more affordable the coverage is
- By: Maddie Johnson
- November 11, 2022 November 11, 2022
- 15:42
iA reports lower profit in Q3
Retail fund sales remained positive as customers sought cash-equivalent products
- By: Staff
- November 9, 2022 November 9, 2022
- 12:11
Nicola Wealth buys Levine Financial Group
Toronto-based firm provides insurance products and services to doctor clients
- By: Staff
- November 8, 2022 November 8, 2022
- 11:11
Manulife discontinues disability products for business owners
The insurer will stop accepting new business for four non-cancellable disability products as of Sept. 30
- By: Greg Meckbach
- August 25, 2022 January 16, 2023
- 16:45
Sun Life buying U.S. dental benefits company DentaQuest for $3.1 billion
The acquisition will more than double the size of Sun Life's U.S. employee benefits business by revenue
- By: The Canadian Press
- October 4, 2021 October 4, 2021
- 13:45
Canada’s warming may hurt access to insurance: DBRS
Increasingly severe weather may lead to pullback in coverage as losses rise
- By: James Langton
- September 23, 2021 September 23, 2021
- 15:34