Latest news in Life

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Life insurance payouts related to Covid-19 totalled $154M in 2020

A similar amount was paid in disability benefits to support recovering workers

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Ontario regulator seeks feedback on life agent reporting requirements

FSRA's consultation also includes insurers' related obligations to ensure agent suitability

  • By: Staff
  • September 9, 2021 September 9, 2021
  • 15:11
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Outlook for reinsurers improves post-pandemic

Rising prices, economic recovery support sector’s earnings

  • By: Staff
  • September 7, 2021 September 7, 2021
  • 14:44
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Even after Covid, many Canadians unprepared for crisis: survey

Emergencies would negatively impact most people's finances

  • By: Staff
  • August 31, 2021 August 31, 2021
  • 14:16
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Life insurer portfolios held up during pandemic

Strong diversification and conservative investment policies kept portfolios performing well

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Brookfield Reinsurance to buy U.S. insurer American National for US$5.1 billion

The deal is expected to close in the first half of 2022

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Manulife beats expectations as second-quarter profit surges to $2.6 billion

Global wealth and asset management net inflows reached $8.6 billion

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Sun Life Q2 profit increases 73% to $900 million

Canada was the biggest contributor to net profits in the quarter

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Highest proportion of at-home workers are in finance, insurance

Industry and firm size are key factors in the ability to work from home, StatsCan says

  • By: Staff
  • August 4, 2021 August 4, 2021
  • 11:39
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GWL base earnings increase 17% in Q2

MassMutual business contributed to the results

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BMO Insurance adds ESG options for universal life policies

Five new indexed accounts track ESG funds managed by BMO GAM

  • By: Staff
  • August 3, 2021 August 3, 2021
  • 15:17
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Empire Life reports lower Q2 earnings

Expected profit on in-force business also fell by 4%

  • By: Staff
  • July 30, 2021 July 30, 2021
  • 11:08
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TD Insurance launches bespoke service for wealthy clients

Private Client Advice will provide customized coverage

  • By: Staff
  • July 21, 2021 July 23, 2021
  • 11:39
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Equitable collaborates with Desjardins to expand line of credit offering

Qualifying whole-life policyholders with Desjardins can now apply for a CSV loan

  • By: Staff
  • July 14, 2021 July 14, 2021
  • 11:53
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New digital life insurance broker launches

Dundas Life offers rate comparisons and policy applications online

  • By: Staff
  • July 6, 2021 July 23, 2021
  • 11:46
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Life insurance claims related to Covid-19 increase amid second wave

Last year, December had the second-highest monthly total for individual claims attributable to the virus

  • By: Staff
  • June 23, 2021 June 23, 2021
  • 13:46
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Sun Life raises limit for non-medical life insurance coverage to $5 million

Some insurers have struggled to sell products to younger consumers accustomed to online purchases

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Insurance regulators consult on conduct principles

The proposal complements the guidance on fair treatment of customers

  • By: Staff
  • June 2, 2021 July 23, 2021
  • 13:05
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Insurers hop on LRCN bandwagon

More firms are expected to take advantage of new rules adopted last month, DBRS says

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Canada Life offers customizable term insurance

Clients can choose the exact term they want

  • By: Staff
  • April 5, 2021 July 23, 2021
  • 08:30
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Ensure your client can afford policy premiums

Needs assessment is more than gathering information

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Universal life policies can’t be used for unlimited deposits, appeal court rules

Hedge funds argued they should be able to make unlimited deposits for a guaranteed return

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CLHIA shoots down online rumours about Covid-19 vaccines and insurance

The associated rebutted false claims that vaccination would affect benefits and coverage

  • By: Staff
  • March 8, 2021 March 8, 2021
  • 11:07
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Life insurance claims increase in Q2 due to Covid-19

The spike was within an acceptable range for insurers

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Low rates affecting insurers’ products, portfolios: DBRS

The rating agency outlines the ongoing interest-rate challenge for the insurance industry