Life

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 universal life insurance policy, which lets the owner of the insurance manage the assets in their account. The policyholder’s account will also have safeguards against lapses for non-payment of premiums, […]

By Staff |August 20, 2012

1 min read

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.

By Helena Smeenk Pritchard |August 20, 2012

2 min read

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. Following news that low rates could cost insurers millions in the next few years, the company released its earnings. Overall, Manulife posted a $300-million loss in its second quarter, saying […]

By Wire services |August 10, 2012

2 min read

Help clients choose settlement options

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

August 2, 2012

2 min read