Standard Life Assurance Company

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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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 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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The Top 20 Life Insurance Companies 2012

There are many life insurers in Canada, but only those with the highest revenue, premium income, profits and asset value make the Top 20 in the country. According to the June 2012 issue of Financial Post Business Magazine, number 20 is Penncorp Life Insurance Company. Penncorp specializes in disability insurance for Canada’s blue and grey...
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Universal Life Insurance for Women

Universal life insurance rates for women differ from those of men because females tend to live much longer. According to Statistics Canada, women actually live 4.7 years longer than men, which is why universal life rates are less for females than they are for males. Universal Life policies separate  the investment component from the insurance...
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Standard Life will No Longer Sell Individual Life Insurance and Critical Illness Policies

Standard Life will not sell individual life insurance in the new year. Effective January 1, 2012, Standard Life will no longer sell individual life insurance and critical illness policies. However, the company will still serve those holding existing policies and applications received right up until December 31 and will still own that block of business...
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Life Insurance: Costco and Manulife Financial

Costco offers a term life insurance plan Costco offers term life insurance policies underwritten by Manulife Financial that are available to Costco Members. They can purchase policies with face amounts of $50,000 to $500,000 in multiples of $25,000. Examples: A 45-year-old, female non-smoker can get $150,000 of supplemental life insurance for $24.36 per month. A...
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Standard Life Group Benefits

Employee health costs are going up, Standard Life may have the solution. Standard Life‘s group benefit policies provide health and dental care, drug plan solutions, travel assistance, life insurance, accidental death and dismemberment insurance, multi-national pooling, flex solutions, and solutions for small businesses. A key component of any group benefit package is the health care...
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Term 100 Policies in Canada are Under Pricing Pressure

Term 100 policies provide lifetime protection and fixed premiums. Most of these policies do not have a cash value. However, some Term 100 policies do have a guaranteed cash value available in the later policy years. These policies are generally described as lapse supported life insurance plans, meaning that the insurance company predicts that a...
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Standard Life’s Term 10 and Term 20 Term Policies: Now with Detatchable Riders

Effective Jan. 1, 2012, Standard Life will no longer be selling its line up of individual life insurance and critical illness policies. However, applications received by December 31 2011 will be processed as usual and as in the past, they shall process group insurance conversions to individual life policies. In the meantime, Standard Life still...
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