Latest news in Life

Canadians economical…with the truth

Canadians are fibbing, fudging and fabricating facts when filling out insurance application, according to a report released by TD Insurance today. Manitoba and Saskatchewan residents…

Underwriting HNW insurance clients

Health, lifestyle, travel and financial challenges make the process of underwriting insurance for high net worth (HNW) clients more complex than for middle-income earners.

  • By: Al Emid
  • April 19, 2011 August 21, 2018
  • 15:39

The importance of insurance for seniors

Did you know there are at least half a dozen reasons for people who are retiring or seniors to buy or continue to carry life…

Buy-sell insurance can be a tough sell

Nearly every advisor will admit they are looking to land the investment portfolios of high net worth clients, but despite this focus the market remains…

  • By: Al Emid
  • April 4, 2011 August 21, 2018
  • 14:45

Faceoff: Whole life or universal life?

This month’s features an insurance debate between whole life or universal life. The debate was moderated by Dean DiSpalatro and Vikram Barhat. Universal Life Subject:…

Trouble with contestable claims

Each company has its own requirements for handling contestable claims. A member company of the Canadian Life and Health Insurance Association must also abide by…

  • By: Eli Wahby
  • April 1, 2011 August 21, 2018
  • 16:20

Sun Life targets mid-size U.S. companies

The U.S. subsidiary of Sun Life Financial is continuing its expansion and repositioning in a market that has undergone several upheavals in the last two…

Feds launch online insurance guide

The federal agency tasked with improving consumer financial education—yes, it’s been around for a while—has launched a new online publication to improve understanding of insurance.…

  • By: Staff
  • March 24, 2011 August 21, 2018
  • 12:32

The value of insuring children

Selling children's life insurance is a touchy subject for some advisors while it's a 'no brainer' for others. Just as the "I don’t believe in…

Global insurance industry feels Japan tremors

The Canadian insurance industry is closely watching events unfolding in the wake of Friday’s earthquake and tsunami in Japan that caused colossal damage to life…

IFB calls for comment on role of MGAs

The Independent Financial Brokers is encouraging participants in the insurance industry to speak up about the role of managing general agencies in the industry. The…

  • By: Staff
  • March 11, 2011 August 21, 2018
  • 13:42

Sun Life named “most trusted” life insurer

Sun Life has been named the “most trusted brand in Life Insurance” for the second consecutive year, by a Harris/Decima poll commissioned by Reader’s Digest…

  • By: Staff
  • March 1, 2011 August 21, 2018
  • 10:59

CRA to give 10/8 decision

Back at the December 2008 Canadian Tax Foundation Conference, the CRA announced it was preparing to audit loans secured with life insurance policies, also known…

New bank insurance rules offer clarity

Anyone wanting to voice their opinion on the regulations governing banks in the insurance business should speak up—the comment period closes March 4.The federal government…

Regulators struggle with MGA model

The Canadian Council of Insurance Regulators has released an “issues paper” on the managing general agencies model of insurance distribution, and is calling on the…

RRSP season? Try UL season

In a Canadian Life and Health Insurance Association (CLHIA) survey conducted a little over a year ago 75% of respondents said they look to their…

Yes, you can insure a drug user

Soft drugs, such as marijuana and hashish do not mix well with each other, nor with traditional life insurance. And hard drugs, such as cocaine…

  • By: Al Emid
  • January 31, 2011 August 21, 2018
  • 15:04

Navigating the critical illness claims process

I recently returned from a Million Dollar Round Table (MDRT) meeting held in Vancouver, where I had the privilege of conducting a session entitled 'How…

Ultravision explained

Looking to shelter your client’s investment income? If so, you have plenty of options these days.

The Co-operators offers online term life quotes

The Co-operators has launched an online quoting system for term life insurance through its corporate website. The company already offers online quotes for auto and…

  • By: Staff
  • January 12, 2011 August 21, 2018
  • 15:47

Canada Life offers CITS-approved inforce feed

Canada Life has announced it is now offering a new Canadian Insurance Transaction Standardization (CITS)-approved “inforce” data feed to managing general agencies and national accounts…

  • By: Staff
  • January 10, 2011 August 21, 2018
  • 15:23

Hub International goes shopping

Hub International Limited, the Chicago-based parent of Hub Financial, has acquired the assets of Phoenix Insurance Group Grande Prairie Inc., an Alberta-based insurance brokerage and…

New Year resolutions: Promising by yards, performing by inches

To many Canadians, a New Year’s resolution is something that goes in one year and out the other. And that’s perhaps why their health problems…

The critical illness claims process

I recently returned from a Million Dollar Round Table (MDRT) meeting held in Vancouver, where I had the privilege of conducting a session entitled How…

RCA case studies

Estate Planning is an ongoing process, and adjustments must be made from time to time or when significant life changes arise. Luckily, the planning relative…