Total premiums collected by insurers also rose in 2022, according to the CLHIA
Alleged misconduct included untrustworthiness, fraud and deception
Although there are tools to help, financial advisors still say it’s best to maintain updated information
Rising interest rates led to drops in net income for Great-West Lifeco and Sun Life
Advisors should be as thorough as possible when going through insurance applications with a client
FSRA brought similar allegations against the agent earlier this year
Par life accounts eventually benefit from higher interest rates
New proposed amendment addresses removal of DSCs on existing seg fund contracts
Barclays analyst predicts Winnipeg-based insurer will deploy capital to strategic growth avenues
Clients now get protection for at least 90% of their death benefits, seg fund guarantees and other coverages if their life insurer fails