Firm also announces new renewal rate structure for term-10 policies
Level cost of insurance rates on new UL insurance products will increase by varying amounts, with the most significant impact being on limited pay policies
Sun Yung Tsu has been with Manulife Hong Kong for almost 63 years — and has no intention of retiring yet
Applications for term life insurance up to $1 million without blood, urine and other biometric data is now available for those up to age 45
Two Manulife dealer subsidiaries allegedly overcharged clients in fee-based accounts between 2005 and 2016
Roy Gori to succeed Donald Guloien
Gori, who currently oversees the firm’s business in Asia from Hong Kong, will relocate to Toronto to assume the new post effective June 5
Investors are also more confident in stocks and home ownership while less confident in investment properties, cash and fixed-income
The penalty was significant as it was the first time FINTRAC has penalized a bank since it was given the authority to issue administrative monetary penalties in December 2008
Sales of individual life insurance policies were considerably higher in Q4 and in 2016, overall, in advance of the new, more restrictive tax rules that kicked in on Jan. 1