News and resources for Canada's top financial advisors
Industry
Nearly every advisor will admit they are looking to land the investment portfolios of high net worth clients, but despite this focus the market remains underserved on the insurance side. “There are more clients that are willing to write large cheques for big insurance policies than there are advisors out there willing to ask for […]
By Al Emid |April 4, 2011
4 min read
Life
This month’s features an insurance debate between whole life or universal life. The debate was moderated by Dean DiSpalatro and Vikram Barhat. Universal Life Subject: Brett Simpson, chairman of Rogers Financial Group and a trustee for the Institute for Advanced Financial Education What is it and who is it for? The easiest way to describe […]
April 1, 2011
11 min read
Each company has its own requirements for handling contestable claims. A member company of the Canadian Life and Health Insurance Association must also abide by the association’s code of ethics, which includes the obligation “to pay all valid claims fairly and promptly without unreasonable requirements.” Many companies are also members of the International Claim Association, which requires every company to adhere to its principles.
By Eli Wahby |April 1, 2011
7 min read
The U.S. subsidiary of Sun Life Financial is continuing its expansion and repositioning in a market that has undergone several upheavals in the last two years. Medium-sized companies—those with around 3,000 employees—and smaller companies are the clients of choice for Sun Life in the U.S. This is one of the strategies implemented by Westley Thompson, […]
By Fabrice Tremblay |March 31, 2011
2 min read
The federal agency tasked with improving consumer financial education—yes, it’s been around for a while—has launched a new online publication to improve understanding of insurance. Understanding Insurance Basics is a creation of the Financial Consumer Agency of Canada (FCAC), covering both the life and health segment, and the property and casualty industry. “Insurance is an […]
By Staff |March 24, 2011
1 min read
Selling children's life insurance is a touchy subject for some advisors while it's a 'no brainer' for others. Just as the "I don’t believe in life insurance" objection usually means that the objector needs to have some myths or misconceptions cleared up about life insurance, the same is true for advisors who find insuring children an unpalatable subject.
By Helena Smeenk Pritchard |March 15, 2011
3 min read
The Canadian insurance industry is closely watching events unfolding in the wake of Friday’s earthquake and tsunami in Japan that caused colossal damage to life and property. Global reinsurance giant Swiss Re said in a statement Monday that the company is still evaluating its exposure. Earthquake shock and tsunami coverage for residential insurance policies is […]
By Vikram Barhat |March 14, 2011
The Independent Financial Brokers is encouraging participants in the insurance industry to speak up about the role of managing general agencies in the industry. The call comes in response to the Canadian Council of Insurance Regulators’ examination of the distribution model. “This is an excellent opportunity for those who conduct life insurance business under an […]
By Staff |March 11, 2011
Sun Life has been named the “most trusted brand in Life Insurance” for the second consecutive year, by a Harris/Decima poll commissioned by Reader’s Digest for its 2011 Trusted Brand awards. In the poll, respondents were asked to indicate, unprompted, the company they consider the most trusted brand for life insurance. Sun Life ranked higher […]
By Staff |March 1, 2011
Back at the December 2008 Canadian Tax Foundation Conference, the CRA announced it was preparing to audit loans secured with life insurance policies, also known as 10/8 plans.
February 18, 2011
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