Latest news in Life

Back to school financial tips for students

Students are set to head off to college and university with many valuables, but are they prepared for the financial risks? Read: Teens need money…

Key person insurance protects companies

The right insurance structure helps companies survive when owners pass on

Insurance regulators spotlight suitability

Advisors can expect more scrutiny in the future from MGAs.

What are the weirdest celeb insurance policies?

Sure, celebs have to take care of themselves to stay at the top. But how much is Julia Roberts’ signature smile worth? How about soccer…

  • By: Staff
  • August 24, 2012 August 21, 2018
  • 06:00

Alberta firm seeks patent for new insurance product

Olympia Financial Group has filed a patent application in Canada and the U.S. for an owner-directed universal life insurance product. The new product comprises a…

  • By: Staff
  • August 20, 2012 August 21, 2018
  • 14:21

The trouble with term insurance

Term insurance is a favourite of both insurance advisors and the buying public. It’s simple and reasonably inexpensive. But here's the downside.

Manulife reduces earnings targets

Volatile equity markets and weak interest rates battered Manulife Financial’s Q2 2012 earnings, forcing it to report its fifth loss in the past ten quarters.…

Help clients choose settlement options

An insurance policy’s fine print gives you a lot of control

Clients must disclose risky hobbies

Participating in risky activities outside of the workplace can be costly, with the non-medical underwriting procedure requires the insured to disclose any potentially dangerous hobbies…

Global economy dampens Q2 pension returns

Canadian pension plans lost some of their first quarter gains in the second quarter of this year, as concerns over the European debt crisis and…

  • By: Staff
  • July 31, 2012 August 21, 2018
  • 00:00

RBC Insurance axes most MGAs

RBC Insurance has cancelled contracts with all but 14 of its MGAs.

Industrial Alliance drops GMWB lineup

Low-interest rates and market volatility continue to take their toll on the insurance industry. They have claimed yet another victim, as IA Clarington has decided…

BMO Insurance raises UL rates

BMO Insurance is raising level-cost-of-insurance rates on its universal life products.

How to function under low interest rates

Interest rates haven’t been this low since the 1930s. Here’s how one insurer is adapting

How insurers can handle interest rate risk

Long-term interest rates remain historically low, and the U.S. Federal Reserve has no plans to raise rates until 2014.

Problems with IFRS

How accounting standards affect insurers

Insurers pare product shelves

Long-term interest rates have remained at historic lows for several years.

  • By: Staff
  • July 18, 2012 August 21, 2018
  • 06:00

Will insurers win IFRS waiting game?

Nearly half of all insurers cite a need for financial reporting transparency and consistency, and favour a single global accounting framework, finds a new survey…

  • By: Staff
  • July 18, 2012 August 21, 2018
  • 00:00

Manu to close deposits on 2 guaranteed income products

Manulife Financial will close additional deposits on IncomePlus Versions 1 and 2 as of 4 pm on August 8, 2012.

More insurance products on the chopping block

Assumption Life has decided to drop their permanent insurance products, joining the list of companies that have already put the products on the chopping block…

How to perform better needs analyses

It’s crucial for clients to be in the right products.

Do aging clients understand their policies?

When it comes to insurance, make sure clients understand what they’re buying. Otherwise, they’ll be forced to pay the cost.

  • By: Staff
  • July 9, 2012 August 21, 2018
  • 15:19

How to market insurance

Successful marketing of life and living benefits insurance starts with putting yourself in the mindset of your prospect or client and remembering that every decision…

Lunchtime Takeaway: Insurance, the basics

We’re committed to making your practice better, so all this month, we’re delivering you a daily takeaway.

  • By: Staff
  • June 25, 2012 August 21, 2018
  • 11:30

Beware leveraged loans

Leveraged loans are risky, but that hasn’t stopped insurance advisors from touting them, with most positioning them as the ultimate living benefit of a death…