The complexity of such an arrangement necessitates cooperation between financial advisors and accountants, experts say
The clampdown includes the sale of unsuitable universal life policies
Vericity includes insurance carrier Fidelity Life and direct-to-consumer agency eFinancial
Total premiums collected by insurers also rose in 2022, according to the CLHIA
Medical developments and technology have led to improved experiences for some clients
Emma, a digital-only insurance company, hopes to expand coast to coast in 2024
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