These firms should find new ways of serving the mass affluent, such as adding robo-advisor services and focus on attracting younger advisors to the industry
Such a shift would spread out an insurance agent’s compensation on a policy over many years rather the current structure, which sees commissions paid out in the first two years
The rating agency says that it views the proposal as credit neutral to U.S. life insurers
The new guideline will replace the existing life insurance capital test guideline
Executives from Manulife and Sun Life say their firms are prepared for negative interest rates
Insurance firms can gain a better understanding of their clients
The life insurance agency has 130 reps in the greater Montreal area
Aviva Health and GloHealth will be combined into one company
The review found problems with the disclosure of charges clients are incurring for life insurance products closed to new business
New website gives clients immediate answers to their questions