Latest news in Life

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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

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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

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How to talk to young clients about life insurance

The younger you are, the more affordable the coverage is

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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
A doctor and an elderly patient are indoors at the woman's home. The doctor is talking to the woman while holding a tablet computer.

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
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Great-West Lifeco profit down 21% in latest quarter

Results reflect impacts of Hurricane Ian, market volatility

  • By: Staff
  • November 3, 2022 November 3, 2022
  • 15:44
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The data behind soaring seg fund sales

Positive industry trends, not regulatory arbitrage, supported sales last year

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Universal life shouldn’t be universally recommended, regulator says

At an annual Advocis event, FSRA raised concern about sales incentives being misaligned with customer needs


FSRA initiates enforcement action over MGA’s training practices

The regulator alleged a firm's training instructs life agents to mislead consumers, which the firm refutes

  • By: Staff
  • October 25, 2022 October 25, 2022
  • 11:32
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When to talk about permanent insurance during estate planning

Going beyond investments with clients remains a good way to add value, particularly in down markets


Actuaries release tally of pandemic life insurance claims

Organization expects excess deaths and life insurance claims to be lower going forward

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Certain MGAs pay multiple life agents for a single sale, FSRA says

Draft Ontario MGA regulation coming in 2023 as a result of concerns found in FSRA's review

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Manulife bundles health monitoring into more coverage

The lifeco is expanding its Vitality program to universal life and par policies

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Insurers pay record amount of benefits in 2021

Also, annuity and seg fund premiums increased 21%

  • By: Staff
  • September 15, 2022 September 15, 2022
  • 13:39

Insurance regulators start consultation on banning upfront commissions

The move follows a regulatory warning earlier this year to stop DSC sales of seg funds

  • By: Staff
  • September 8, 2022 September 13, 2022
  • 15:44
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Outlook for insurers poised to decline: Fitch

Inflation is less of a concern in the life insurance sector, report says

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Sagicor buys insurer Ivari for $325 million

Ivari, formerly Transamerica Life Canada, offers life insurance and critical illness products

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Industry ‘will see how things shake down’ with new lifeco solvency metric

Changes to the life insurance capital adequacy test, released in July, take effect in 2023

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Insurance industry slow to act on Gender X

“Companies are going to have to and want to change with the times,” says financial advisor

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Slumping markets hit iA profit despite strong sales

The firm reported net income attributable to common shareholders of $151 million in Q1, down 13%

  • By: Staff
  • May 12, 2022 May 12, 2022
  • 14:34
Canadian parliament in Ottawa

Life insurers ‘surprised and disappointed’ with Budget 2022 provision

A Budget 2022 proposal means life insurers could have to pay tax up front on profit earned on 20-year policies, says CLHIA

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FSRA calls out life agents not following these two practices

In examining dozens of agents, Ontario’s regulator identified 334 “business practice” issues


Manulife CEO comp reaches nearly $17M in 2021

CEOs of the three biggest lifecos all exceeded their performance targets last year

Close up on a file tab with the word life insurance, focus on the main text and blur effect. Concept image for illustration of family protection policy

Life agents fare poorly in FSRA compliance review

Ontario's regulator is expanding oversight reviews after a pilot effort found widespread shortcomings