News and resources for Canada's top financial advisors
Industry
With its new plan, Great-West Life is targeting businesses with fewer than 35 employees.
By John Powell |January 13, 2011
1 min read
Living Benefits
Empire Life has announced a new service for its Class Plus customers, giving them a heads up if they make withdrawals that could affect their future guaranteed income. The Excess Withdrawal Alert (EWA) service is a no-cost, automatic service that notifies clients through their advisor, if a withdrawal they have requested exceeds their annual limit. […]
By Staff |January 11, 2011
Canada Life has announced it is now offering a new Canadian Insurance Transaction Standardization (CITS)-approved “inforce” data feed to managing general agencies and national accounts with which it deals. The company already offers a CITS “pending” business-to-business feed. Together the feeds allow distributors to easily access information on both their inforce and pending business with […]
By Staff |January 10, 2011
Hub International Limited, the Chicago-based parent of Hub Financial, has acquired the assets of Phoenix Insurance Group Grande Prairie Inc., an Alberta-based insurance brokerage and part of the overall Phoenix Insurance Group. The firm will become part of Hub International Barton (Hub Barton) within the Hub International Canada West region. The three partners of the […]
By Steven Lamb |January 5, 2011
2 min read
It’s one of those questions that keeps clients up at night: if my partner gets seriously ill, how can I pay the extra health care costs? Most people have the luxury of time to address this issue, but seniors don’t. They are living longer lives—many with chronic health conditions—that make insurance a wise investment in […]
By Leigh Doyle |November 15, 2010
5 min read
Worried patients take extra comfort with a doctor who appears fully conversant in all of the implications of the latest drugs. So too, an insurance broker’s clients and potential clients will be more comfortable with critical illness insurance if the broker demonstrates up-to-date knowledge of all clauses, especially those most relevant to their situations. Several […]
By Al Emid |October 25, 2010
4 min read
The recent spotlight on financial products hasn’t been limited to complex mortgage-backed products. Insurance-based products have had their share of recent attention, especially when it comes to beneficiary designations. Several court cases involving beneficiary designation disputes underscore the importance of reviewing these designations and ensuring that they are up-to-date and in accordance with a client’s […]
By David Wm. Brown |July 12, 2010
9 min read
It will take an act of Congress but insurers could be very close to getting what they’ve been seeking for the last two years — a declaration that equity indexed annuities will be regulated as insurance products, and not as securities. A House-Senate conference committee working on the nearly 2,000-page financial services reform legislation, approved […]
By Alan Prochoroff |June 29, 2010
6 min read
June 21, 2010
Alzheimer’s disease is prevalent in today’s society, with an incidence rising from 1% at ages 70 – 74 to more than 8% in individuals age 85 and older. As the population ages, the burden of Alzheimer’s disease will continue to increase. The cause of the disease is unclear. Approximately 10% of cases show early onset […]
By Hélène Michaud, Dr. Chi-Ming Chow, Dr. Judy Beamish |January 13, 2010
3 min read
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