The pros and cons of corporate-owned life insurance
The complexity of such an arrangement necessitates cooperation between financial advisors and accountants, experts say
Latest news in Life
Review of multi-level-marketing MGAs results in enforcement for 65 life agents
The clampdown includes the sale of unsuitable universal life policies
- By: Michelle Schriver
- October 3, 2023 October 4, 2023
- 15:51
IA Financial buying U.S. insurance company Vericity for US$170 million
Vericity includes insurance carrier Fidelity Life and direct-to-consumer agency eFinancial
- By: The Canadian Press
- October 3, 2023 October 3, 2023
- 10:31
Insurers continued paying record benefits in year three of pandemic
Total premiums collected by insurers also rose in 2022, according to the CLHIA
- By: Staff
- September 26, 2023 September 26, 2023
- 11:34
What’s changed in life underwriting?
Medical developments and technology have led to improved experiences for some clients
- By: Renée Sylvestre-Williams
- September 18, 2023 September 20, 2023
- 10:22
Major life insurers taking steps, but falling short on climate action: report
Sun Life Financial Inc. and Manulife Financial Corp. are Canada's first and fourth-largest fossil fuel investors
- By: Ian Bickis, Canadian Press
- September 14, 2023 September 14, 2023
- 13:35
Quebec insurtech continues national expansion
Emma, a digital-only insurance company, hopes to expand coast to coast in 2024
- By: Nathalie Savaria
- September 12, 2023 September 12, 2023
- 09:33
FSRA revokes licence of life agent who sold repeat policies
Alleged misconduct included untrustworthiness, fraud and deception
- By: Staff
- September 7, 2023 September 7, 2023
- 15:51
Help clients find lost bank accounts and insurance policies
Although there are tools to help, financial advisors still say it’s best to maintain updated information
- By: Jonathan Got
- August 30, 2023 September 27, 2023
- 17:15
Lifecos see mixed earnings in latest quarter
Rising interest rates led to drops in net income for Great-West Lifeco and Sun Life
- By: Staff
- August 11, 2023 August 11, 2023
- 11:34
When does a death benefit not pay out?
Advisors should be as thorough as possible when going through insurance applications with a client
- By: Kelsey Rolfe
- August 8, 2023 August 8, 2023
- 16:53
FSRA consults on consumer warnings
Regulator issues proposed guidance for public comment until Aug. 25
- By: Staff
- July 31, 2023 July 31, 2023
- 16:10
OSFI consults on crypto rules for banks, insurers
New guidelines adopt global banking regulators' standards
- By: James Langton
- July 26, 2023 July 26, 2023
- 13:52
Rising interest rates lift interest in annuities
Clients can see annuities as an attractive alternative to managing their own retirement investments
- By: Rudy Mezzetta
- July 13, 2023 July 13, 2023
- 09:56
Why rate hikes shouldn’t dissuade insurance policyholders from participating
Par life accounts eventually benefit from higher interest rates
- By: Greg Meckbach
- June 21, 2023 June 16, 2023
- 06:00
Canada Life acquires Value Partners Group
Deal adds investment counsel portfolio managers to Canada Life
- By: Greg Meckbach
- June 13, 2023 June 13, 2023
- 16:01
Corporate-owned life insurance as a charitable gift
Avoid bloopers when designating a charity as policy beneficiary
- By: Kevin Wark
- June 2, 2023 June 30, 2023
- 10:00
Life insurers increase Assuris protection
Clients now get protection for at least 90% of their death benefits, seg fund guarantees and other coverages if their life insurer fails
- By: Greg Meckbach
- May 29, 2023 May 29, 2023
- 15:11
Insurance regulators promise new guidance on upfront compensation structures
Advisor chargebacks need robust controls, CCIR and CISRO said
- By: James Langton
- May 15, 2023 May 15, 2023
- 15:24
Advice-gap debate comes to insurance industry
Ahead of the proposed DSC ban for seg funds, a familiar refrain is in play
- By: Michelle Schriver
- May 12, 2023 July 19, 2023
- 15:53
Life agents falling short, FSRA finds
Almost half of high-risk agent reviews found best-practice failures
- By: James Langton
- May 2, 2023 May 2, 2023
- 14:39
Participating whole life: What it can and can’t accomplish
Advisors should “show a less rosy picture” than the DSIR
- By: Greg Meckbach
- April 28, 2023 April 28, 2023
- 12:09
FSRA’s Huston Loke appointed CCIR chair
Loke replaces Robert Bradley as head of the insurance regulators' association
- By: Staff
- April 24, 2023 April 24, 2023
- 15:25
FSRA finalizes seg fund DSC ban
Final rules for a ban beginning June 1 were sent to the finance minister for approval
- By: Greg Meckbach
- April 19, 2023 April 19, 2023
- 14:25
FSRA proposes new conditions on life MGA
Supervision framework “largely based on delegation to upline agents,” regulator alleged
- By: Greg Meckbach
- April 6, 2023 April 6, 2023
- 15:36