Life insurance payouts related to Covid-19 totalled $154M in 2020
A similar amount was paid in disability benefits to support recovering workers
Latest news in Life
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
Outlook for reinsurers improves post-pandemic
Rising prices, economic recovery support sector’s earnings
- By: Staff
- September 7, 2021 September 7, 2021
- 14:44
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
Life insurer portfolios held up during pandemic
Strong diversification and conservative investment policies kept portfolios performing well
- By: Melissa Shin
- August 17, 2021 August 17, 2021
- 11:37
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
- By: The Canadian Press
- August 9, 2021 August 9, 2021
- 14:50
Manulife beats expectations as second-quarter profit surges to $2.6 billion
Global wealth and asset management net inflows reached $8.6 billion
- By: The Canadian Press
- August 5, 2021 August 5, 2021
- 12:12
Sun Life Q2 profit increases 73% to $900 million
Canada was the biggest contributor to net profits in the quarter
- By: The Canadian Press
- August 5, 2021 August 5, 2021
- 12:05
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
GWL base earnings increase 17% in Q2
MassMutual business contributed to the results
- By: The Canadian Press
- August 4, 2021 August 4, 2021
- 10:10
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
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
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
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
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
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
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
- By: Mark Burgess
- June 14, 2021 June 14, 2021
- 11:53
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
Insurers hop on LRCN bandwagon
More firms are expected to take advantage of new rules adopted last month, DBRS says
- By: Mark Burgess
- April 7, 2021 April 7, 2021
- 12:16
Canada Life offers customizable term insurance
Clients can choose the exact term they want
- By: Staff
- April 5, 2021 July 23, 2021
- 08:30
Ensure your client can afford policy premiums
Needs assessment is more than gathering information
- By: Michelle Schriver
- March 12, 2021 March 12, 2021
- 09:00
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
- By: Greg Dalgetty
- March 11, 2021 March 11, 2021
- 09:03
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
Life insurance claims increase in Q2 due to Covid-19
The spike was within an acceptable range for insurers
- By: Michelle Schriver
- October 28, 2020 October 28, 2020
- 14:18
Low rates affecting insurers’ products, portfolios: DBRS
The rating agency outlines the ongoing interest-rate challenge for the insurance industry
- By: Michelle Schriver
- July 30, 2020 July 30, 2020
- 13:24