Latest news in Life

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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


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

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

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IA Financial’s profits rebound with strong sales in second quarter

Sales of individual insurance and guaranteed products were up

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Supreme Court upholds genetic non-discrimination law

The act ensures Canadians can take genetic tests without being disadvantaged for insurance

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Understanding rebating rules for insurance

Advisors in breach of provincial regulations could face sanctions

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Insurance regulator explains why it slashed 73% of regulatory guidance

Mark White, CEO of FSRA, discusses the regulator's efforts to increase efficiency

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What U.S. citizens should know before purchasing Canadian life insurance

These steps can prevent tax surprises

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The perils of owning U.S. life insurance

These tax-advantaged savings vehicles can result in a tremendous tax headache

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Donation of life insurance policies isn’t trafficking, B.C. regulator says

Advisors receive some clarity on anti-trafficking legislation

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Canada Protection Plan streamlines applications, introduces CI products

E-policies are also now available across the firm's lineup


How life insurers are responding to the pandemic

Digital capabilities and flexible underwriting help support sales

Keeping up with insurance innovations

Data and personalization are changing the business. Where does the advisor fit in?

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Manulife CEO’s compensation increases in 2019

The multinational firm's chief executive earned more than $14M in compensation

  • By: Staff
  • March 20, 2020 March 20, 2020
  • 18:02

Coronavirus threat to insurers: higher claims, lower gains

A Moody's report breaks the potential impact

  • March 2, 2020 March 2, 2020
  • 12:05

Advance death benefits evolve

More clients with short life expectancies may be able to qualify

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Canada Life amalgamation receives government approval

Company exec says the change will simplify “how advisors choose products”

  • By: Staff
  • November 25, 2019 November 25, 2019
  • 13:42
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Great-West Lifeco beats Q3 expectations as profits rise 6%

Sales grew by 22% to $41.9 billion, driven by growth in the U.S. and Canada