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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

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‘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

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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

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Seg fund chargebacks: Conflict of interest or good DSC substitute?

Insurance regulators ponder seg fund upfront commissions

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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
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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

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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

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AMF releases draft seg fund DSC ban for comment

Quebec regulator proposes $5,000 penalty if insurers charge DSCs for seg funds

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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
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Cross-selling opportunities prompt P&C brokerages to buy advisors

Actual assets under management of advisor aren’t always worth purchasing on their own

FSRA proposes DSC ban for seg funds

Proposal would eliminate regulatory arbitrage between seg funds and mutual funds

How to talk to young clients about life insurance

The younger you are, the more affordable the coverage is

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

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

Canada’s warming may hurt access to insurance: DBRS

Increasingly severe weather may lead to pullback in coverage as losses rise