Latest news in Life

Manitoba amends decision for new tax on life insurance

The Manitoba government has made the decision to amend Bill 39.

RBC suspends permanent insurance

RBC is suspending new sales of its permanent insurance products effective June 23, 2012.

Manitoba’s new tax on life insurance hurts clients: CLHIA

Manitoba has proposed a new retail sales tax (RST) on individual disability insurance, critical-illness insurance and group disability insurance.

Manulife raises premiums on life and health insurance

Effective June 16, 2012, Manulife is changing the level cost of insurance (COI) and yearly renewable term (YRT) rates for Universal Life (UL), as well…

  • June 1, 2012 June 16, 2018
  • 17:07

Invest in insurance now

Investing in insurance will become more costly

Get volume discounts on insurance

Everyone likes a deal—when laundry detergent is on sale, you stock up because you know eventually you’ll need it. The same could be true of…

  • By: Al Emid
  • May 23, 2012 August 24, 2018
  • 06:00

Pay for the funeral, in advance

When completing insurance applications for clients, it’s often necessary to address touchy subjects—sometimes hitting on potentially embarrassing issues such as clients’ spending habits, their medical…

An insurance oxymoron and sales opportunity

Did you know that there are still lots of endowments in existence and that the endowment is a life insurance oxymoron?

MGAs speak out on regulation

Canada’s insurance industry isn’t shrinking from the proposal for a closer regulatory oversight. But key stakeholders say lots remains to be done to fulfil the…

Tighter regulation for insurance?

Canada’s insurance regulators are considering closer oversight of the relationship between carriers and managing general agencies (MGA). While the industry has taken steps to govern…

How singles can build financial buffers

A lot of single women are concerned about outliving their money. Longevity, however, isn’t the only drag on their assets.

Empire Life launches iPad app

The Empire Life Insurance Company has launched a new iPad application that provides simple, fast quotes on up to four term insurance products at once.

  • By: Staff
  • April 27, 2012 August 21, 2018
  • 11:15

Stick to the law when it comes to insurance

In matters of life, death and life insurance, you don't bend the rules.

Living dangerously? Then insure

A sudden or premature death can have a significant financial impact, not only on the person’s family, but also on the business. The purchase of…

Software saves time, client’s premiums

Most advisors tend to focus on the part of the book that generates the most revenue. In doing so, they often fail to take advantage…

Now there’s an app to track your app

Kids’ financial literacy? There’s an app for that. Want to trade equities on the fly, there’s an app for that, too. Signing up for an…

Changing lifecycles put premium on insurance

As if the sandwich generation didn’t have enough to fret about, they now have to worry about their new insurance needs, too. And many don’t…

How to explain insurance rate increases

Since the last quarter of 2010, most insurers have increased their prices; with some hinting at a third round of rate hikes. And the product…

Merger creates new MGA giant

In a move that could shake up the insurance distribution channel, Financial Horizons Inc. has bought Force Financiere Excel, creating the country's largest Managing General…

  • By: Staff
  • February 29, 2012 August 21, 2018
  • 16:39

Two opportunities in the fine print

Few insurance advisors pay attention to the settlement options in their clients’ policies. But you should. Policyholders can actually choose if beneficiaries are paid a…

How divorce can help insurance sales

Did you know that divorced women often are given a court order to put life insurance in place for a stipulated period of time with…

Insurance in 2012 and beyond

It’s been tough going for insurance companies in the last few years. They’ve not only had to retire certain types of life insurance products and…

Buying insurance early is better

Whether clients are approaching retirement and are cognizant of the realities of aging, or are young professionals just beginning to save for the future, life…

Does Mom have enough insurance?

Most stay-at-home Moms don’t have nearly enough life insurance coverage. What is enough? Because every family is different there is no definitive answer.

Sun Life, CI expand seg fund shelf

At a time when some insurers are scaling back their offering lineup, Sun Life Financial and CI Investments have unveiled several enhancements to the SunWise…

  • By: Staff
  • January 19, 2012 August 21, 2018
  • 11:46