Desjardins Financial Security

Top 10 Canadian Life Insurance Companies 2014

Last year, based on findings from Financial Post Business Magazine in June 2014, LSM Insurance is releasing its list of The Top 10 Life Insurance Companies for 2014. Not much has changed from last year. Great West-Life Co. still has the top spot, followed by Manulife Financial, Sun Life, and Industrial Alliance in the top...
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Desjardins is Reducing its Universal Life Rates for Summer 2014

Desjardins Insurance is reducing the rates on its universal life policies until August 31, 2014. These reductions apply to the following plans under the following circumstances: Life insurance   Amount of insurance Age Comments Traditional Universal Life       Life 10 Precision 10 $250,000+ 40+ Some reductions starting at age 35 Life 20 Precision...
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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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Desjardins Acquires State Farm Canada’s Business

Desjardins Financial has agreed to purchase the Canadian life insurance and P&C business of State Farm Canada, as well as as its mutual fund, loan, and living benefits business. Obviously subject to regulatory approval, the deal is expected to officially close a year from now, in January 2015. Desjardins will operate State Farm’s business in Canada...
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Life Insurance with a Critical Illness Advance Payment

Many life insurance companies have life insurance policies available with the critical illness rider, which is crucial given that nearly half of all Canadians will be diagnosed with cancer and 1.6 million Canadians will suffer a heart attack or stroke.  However, the only real cost advantage to the insured with a combo plan is they’re...
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Universal life and Long-Term Care Combination Plan

Desjardins Financial recently made available a long-term care advance on its universal life foundation policies.  Canada.com reports that Canada’s rapidly aging population has led to a 38% increase of seniors living in nursing homes or other collective care facilities over the last ten years. This make sense given that the total amount of Canadians aged 65...
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Group Insurance in Canada: Top 6 Carriers

Canada’s top group insurance providers can help your employees. Statistics Canada says that almost three-quarters of all Canadian workers (74 per cent) have access to at least one non-wage benefit. Health benefits plans are the most common type of non-wage benefit in Canada. Fifty-nine percent of workers have life and disability insurance, 56 per cent...
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Group Insurance Stats in Canada

Did you know that sold the first group insurance policy in Canada in 1946 to Collège de Lévis? Currently, there are just over 2.4 million businesses operating across Canada, and according to Statistics Canada, 74 per cent of these businesses offer at least one non-wage benefit to their employees. Benefits Canada’s Group Insurance Survey 2012 showed that...
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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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Desjardins Increases Universal Life, Term 100 and Critical Illness Insurance Rates

As of March 14, Desjardins Insurance has announced a premium increase to their permanent life insurance and critical illness products. For permanent insurance products, the average increase will be between 2 and 7 per cent on the following brands: MaxLife (T100) Guaranteed Whole Life and Life 20 Foundation (T100) Precision and Precision 20  The level cost...
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