Canadian insurers sold 481,000 life and health contracts last year
Regulators has concerns about conflicts, consumer value and competition
Blocks include over 115,000 policies worth more than US$100 million in premiums
Lower court ruled widow entitled to cancel policy switch, collect $1.3M payout
The goal is to simplify the firm's offering to its customers and advisors
Clients can choose the exact term they want
The application process for term life insurance is guided by the company’s proprietary algorithms and takes about five minutes to complete
Gen X and Y Canadians are looking for an easy online solution
Vitality plan expands coverage options
Firm also announces new renewal rate structure for term-10 policies