Why juvenile life insurance isn’t just kids’ stuff
When it comes to getting life insurance, one commonly dispensed piece of advice is that it’s better to get coverage at a younger age. Not as common, however, is the suggestion for adults and...
Monthly Archive: September 2020
Life and health insurers paid $103 billion in benefits last year
The Canadian Life and Health Insurance Association (CLHIA) has released its 2020 Canadian Life and Health Insurance Facts report, which includes a statistical snapshot of the Canadian industry from last year as well as...
FSRA estimating jump in DB pension solvency off rebound in markets
Staff | September 15, 2020 The median projected solvency for Ontario’s defined benefit pension plans increased to 90 per cent at the end of 2020’s second quarter, up from 85 per cent in the first quarter,...
OTIP employees joining CAAT’s DBplus pension
Staff | September 15, 2020 The Ontario Teachers Insurance Plan and its group of companies are the latest employers to join the Colleges of Applied Arts and Technology’s DBplus pension plan. Effective Sept. 7, 685 full-time...
COVID-19 Speeds Up The Modernizing Of The Life Insurance Industry
By Susan Ghalili The COVID-19 pandemic has put a spotlight on the significant role life insurance plays in the cycle of life, as well as the importance of modernizing the sales model to withstand...
Study: Life Insurance Augments Social Security By $1.5T Over Nine Years
Business Wire Industry has more than $8.6 trillion invested in the economy. NEW YORK–(BUSINESS WIRE)– Between 2010 and 2018, the U.S. life insurance industry distributed nearly $1.5 trillion in claims and benefits to policyholders,...
FSRA seeking input on draft guidance for DB pension transfers
Staff | September 15, 2020 The Financial Services Regulatory Authority is seeking stakeholder input on draft guidance on providing consent for asset transfer transactions under the Pension Benefits Act. Aiming to support predictability and transparency for defined benefit...
Survey Reveals Confusion About How Much Life Insurance Costs
Life insurance can pay for final expenses and provide financial security for loved ones left behind, but a new national survey from Erie Insurance shows many people are confused about it. Large percentages of...
Zensurance Launches Innovative Broker Training Program
Toronto, ON (Sept. 14, 2020) — Zensurance , Canada’s most advanced online commercial insurance platform, is rolling out a first-of-its-kind Commercial Broker Training Program. The five-week training program presents an exciting opportunity for those...
Navacord adds B.C.-based Dehoney Financial Group
Navacord solidifies national benefits practice with addition of B.C. consulting firm Dehoney Financial Group Toronto, ON (Sept. 10, 2020) – Navacord Corp., one of Canada’s top four commercial insurance brokerages and a leader in...