Canada Life Insurance Company of Canada

What is Right About The Life Insurance Industry

The life insurance industry looks bright. The potential that a man first saw in an untapped colony is now a fundamental part of many Canadians' financial planning. Canadian life insurance, which promises security and stability...
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The Top 5 Life Insurance Company Acquisitions

  With the Sept. 3, 2014, announcement that Manulife Financial has acquired the Canadian business of competitor Standard Life for $4 billion, we couldn’t help but look back at the other mergers and acquisitions that have occurred in the insurance industry over the years, starting with this latest one.
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The Best and Worst Life Insurance Policies in Canada

Life insurance may not be on the top of anyone’s expenses list, but when it’s time to invest in your family’s future, you want to know you’re getting the best coverage at the best price rather than a huge monthly expense.  Before you hand the cash to just any broker, you need to first determine...
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Key Man Life Insurance

A Key Man or Key Person life insurance policy is a life insurance policy placed on the life of a key employee. A key man / key person policy is necessary when a employee is crucial to the business and when replacing that person would be costly and time consuming. A key person life /...
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The Life Insurance Your Insurance Company Wants You to Cancel

The phrase “lapse-supported life insurance policies” is mainly familiar to industry insiders. It refers to life insurance policies that insurance companies want you to cancel. Term 100 life insurance policies and universal life insurance policies, with guaranteed level cost of insurance, are priced with the expectation that a certain number of these policies will lapse...
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Why Whole Life Dividends will Continue to Decrease

Whole Life Insurance can be broken down into two categories: participating and non-participating. Non-participating whole life policies generally offer guaranteed premiums, guaranteed cash value, and guaranteed coverage. Non-participating whole life policies, on the other hand, do not generate a dividend.
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Term Life Insurance: Which Companies Offer Preferred Rates?

Preferred rates are offered to individuals who are in very good health who have exemplary family health history. Preferred rates can lower insurance premiums by up to 35 per cent. You can find more details on whether you are likely to qualify for preferred rates here. The following is a listing of the leading life insurance...
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Universal Life Rates on the Rise Again

As reported in the September 2012 issue of the Insurance and Investment Journal, life insurance companies have raised the rates on their universal life level cost plans for the third time in the last two years. The article, which interviews many key executives, emphasizes that low long-term interest rates are diminishing the profitability of these...
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Canadian Critical Illness Comparison Chart

The Critical Illness marketplace in Canada is heating up. Since the first Canadian Critical Illness policy was sold in the mid-’90s, annualized new premium sales have steadily increased. Premium sales rose by 6 per cent to $103.8 million in 2011. The insurance industry sold 7 per cent more policies than it did in 2010 during...
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Canada Life Announces Rate Changes for their Millennium Universal Life Plan

Another rate change has been announced in light of record-low interest rates — this time from Canada Life. The announcement pertains to the company’s Millennium Universal Life Plan, and the rate change will take effect starting September 17, 2012. Canada Life has decided to increase its level and limited-pay cost-of-insurance rates for all ages on...
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