While 70% of Canadian fathers own a life insurance policy, 40% don't know how much the policy is worth or how much their families will need, finds RBC Insurance.
A session at the 2013 CAILBA Annual Meeting warned insurance advisors they'll face competition from clients going direct to insurers.
Losing a child is more common than you might think.
Foresters has launched a participating whole life insurance product for families.
Many husbands and wives who don’t earn a paycheque think insurance is a waste of money. Yet if they die, their working spouses will be scrambling to cover funeral costs, not to mention many new expenses.
Women are more likely to have kids in their late 30s than they are in their early 20s. If clients delay parenthood, how does that impact planning?
The Empire Life Insurance Company introduced a permanent life insurance product, Hybrid Solution 100, which combines guaranteed and adjustable features. It allows customers to benefit from lower insurance premiums should long-term interest rates rise. Read: The price is high…for now “Canadian consumers and their advisors have dealt with multiple price increases and more limited permanent […]
If your clients are healthy, don’t sell them permanent insurance—at least not yet.
Blame low interest rates again.
This marks the fourth round of LCOI price changes on UL policies.