Volatile markets and a decline in GMWBs have caused a surge in seg fund sales. Some insurers are hiking fees and introducing new products
Canadians believe they need an average of $266,000 in coverage
But some MGAs have concerns they're being cut out of the process
To offset inflation within an annuity, some insurers offer an indexing option, in which the payments that a client receives increase over time. But this option comes with the cost of considerably lower payments in the first few years of the contract
Policies on anti-money laundering, privacy and disclosure are necessary
Misconduct by a dually licensed agent may result in having the agent’s insurance license revoked or suspended
Take time to assess the level of financial knowledge of each client
Keeping paper records of insurance documents is outdated, unreliable and inconvenient - think: misplaced papers and overflowing filing cabinets. Going digital means your documents are organized and searchable automatically
CLHIA releases compliance guidelines as part of its response to recommendations from regulators
Life reinsurance company buys Transamerica’s Canadian business for $600 million