News and resources for Canada's top financial advisors
Life
Headlines of bailouts, rescue plans and bank failures no doubt have your clients on edge, but I bet most of those frantic calls you’re getting centre around whether or not someone’s portfolio can withstand the downward market pressure. Insurance planning, though, has historically played a crucial part in financial planning during periods of market disruption. […]
By Chris Paterson |October 2, 2008
4 min read
It seems we’re overdue for a reality check. According to various statistical studies, life expectancies of both men and women are increasing. In 1996, there were 3,125 centenarians in Canada; in 2001 the number grew to 3,795; and this segment of the population is steadily increasing. Undoubtedly, an aging population has huge economic ramifications for […]
By David Wm. Brown |October 1, 2008
3 min read
As I enjoy a coffee break at the 2018 Distribution Symposium, I think back to the days when the Managing General Agencies and the Mutual Fund Dealerships attended separate conferences. Our issues were so different, our agendas so diverse. We didn’t have similar goals back then, and although we knew the industry was changing, we […]
By Terri DiFlorio |October 1, 2008
For the most part, people have a negative view of insurance and the insurance industry. Many consumers see insurance as a “grudge” purchase and feel that insurance salespeople just want to push a policy and move on. And while it’s true that some advisors disappear after selling a product, many work diligently to establish relationships […]
By Mark Halpern |September 11, 2008
5 min read
Our agency recently won two contests, separately held by two large insurance companies. Both awards, based on productivity levels, included lavish holidays or conference trips worth thousands of dollars. Unfortunately, because of time constraints, we were unable to take advantage of either. One of the insurance companies, understanding the reason we couldn’t attend, uncharacteristically doled […]
By David Wm. Brown |August 1, 2008
A lot of our clients are successful in business, but marriage is another story. Many first-time unions have ended in divorce because of an overworked husband or wife, but now that they have a solid career, it’s often time to find a special someone again. Life isn’t as simple for your client as it was […]
By Chris Paterson |June 3, 2008
(August 2007) A life insurance policy is the one financial product that your client is probably not keen to see paid out anytime soon. But like a will, life insurance is an estate planning tool that will bring certainty to a client’s legacy. Corry Collins, a CFP and chartered life underwriter at Halifax-based Living Benefits […]
By Mark Noble |August 17, 2007
The term “field underwriter” takes on a new meaning when an advisor starts selling long-term care insurance. The policies are complex and require advisors to do more field research and ask applicants probing questions, regardless of whether they’re being acquired for elderly clients or younger prospects. Without strict attention to detail, a high percentage of […]
By David Wm. Brown |June 16, 2006
I’ve just completed drafting our company’s Advisor Disclosure Document, which we will be sending to clients for their signatures starting this year. The document is required by Regulation 347/04 of the Ontario Insurance Act. Other provinces have similar requirements. The new rule, which updates its predecessor, Regulation 663, introduces a new provision on disclosure of […]
By David Wm. Brown |April 7, 2006
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