Monthly Archive: July 2019

Sun Life Reports Q2 Net Income Of $595M

PR Newswire Sun Life Financial today announced its results for the second quarter ended June 30, 2019. Second quarter reported net income was $595 million and underlying net income(1) was $739 million. Quarterly results...

Financial advisor banned after fabricating information

The Mutual Fund Dealers Association of Canada (MFDA) has permanently banned a financial advisor from conducting securities-related business in any capacity and fined him after the advisor allegedly submitted a line of credit application...

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The Future of Insurance is Distribution

In the business of insurance, channel distributions are high on the list of the most critical insurance functions. Channels are the delivery mechanisms, which consolidate functions, requirements, communications, and delivery correctly and completely completed....

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How CSV loans can create a ‘living benefit’

Equitable Bank believes it is perfectly positioned to make a significant impact in the Cash Surrender Value (CSV) loan market. Michael Pilz, business development manager, believes the loan, a way of creating a “living...

Unum Profits Rise 4.6%, Beating Analysts Forecasts

Chattanooga Times Free Press (TN) Jul. 30–Unum Group reported a 4.6% gain in its after-tax adjusted operating earnings during the second quarter as premium income grew another 6.8% in Unum’s core business, helping the...

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High Loss Ratios Keeping Auto Insurance Expensive Across Canada

Prices in Alberta see most severe increases as insurance companies grapple with rising claims costs Toronto, ON (July 30, 2019) – LowestRates.ca, an online comparison site for personal finance products like insurance, mortgages, loans...

New Brunswick warns of growing SIN scam

The Financial and Consumer Services Commission of New Brunswick is warning Canadians of a growing telephone scam where fraudsters tell people that their social insurance numbers (SIN) have been blocked, compromised or suspended. Fraudsters may add...

Guy Baker To Receive The 2019 John Newton Russell Memorial Award

FALLS CHURCH – The National Association of Insurance and Financial Advisors (NAIFA) announced Guy E. Baker, Ph.D., MSFS, MBA, CLU, ChFC, CFP, RHU, managing director of BTA Advisory Group in Irvine, Calif., is the...