Latest news in Life


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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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

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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
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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

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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