Life Insurance Canada News

Which Insurance Companies are the Best for Young and for Elderly People

Did you know that there are many different types of policies? Each person is unique, so a one-size-fits-all policy simply doesn’t work. There are many factors to consider when underwriting an insurance policy: your age, health, family history, pre-existing medical conditions, gender, your physical conditions (including height, weight, etc.), drinking, drugs use, smoking habits and...
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How did the Pandemic Reshape the Life Insurance Industry? An Expert’s Opinion

Life insurance was one of the industries that was making advances slowly before the pandemic, but it was not known for being innovative or fast moving. Brick and mortar offices, paper applications, long processing times and old-fashioned marketing were still part of the industry. When the pandemic sent people to work from home and raised...
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Assumption Life Bronze Protection – What You Must Know

As Assumption Life enters the Guaranteed Issue No Medical Life Insurance market, we use this opportunity to discuss their new product with Daniel Audet, Associate Vice President for Individual Insurance and Investments / Sales and Marketing. Why did Assumption Life decide to get into the Guaranteed Issue market? Over the past year, Assumption Life has...
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How Does Inflation Affect Life Insurance? Expert Opinions

Inflation in Canada: The pandemic has changed our life over the course of the last two years. It has impacted every industry; some more than others like travel and restaurants, some less such as software and professional services. It has also had a huge impact on our society and macro-economic metrics. One such metric is...
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Comparing Disability Insurance Rates for Men and Women: Who Pays More

Introduction It is a well-known fact that typically, men pay higher rates for both car and life insurance. This is because male drivers are higher risk and women outlive men. Insurance rates are always tied to risk, so the insurers look at the majority data when factoring in their pricing structures. However, car and life...
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Life Insurance for Business Owners: Everything You Must Know

The last two years brought a lot of changes to our lives, but also to the business landscape. The number of people working from home or that made themselves more independent by setting up their own company significantly increased in many areas. Some industries, for example, the travel industry, shifted their staff mix significantly from...
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Disability Insurance in 2021 and Beyond: What Changed During the Pandemic

Similarly, to other types of insurance, disability insurance faced a number of challenges during the pandemic and has adjusted to the new landscape. It’s important to understand what has changed, which changes are here to stay, and what to expect going forward. To understand disability insurance’s evolution during the pandemic, Thomas Juha, Senior Sales Consultant,...
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Critical Illness Insurance in Canada in 2021 | What You Must Know

Why Critical Illness Insurance? What is Critical Illness Insurance? What Are Various Conditions Covered by Critical Illness Insurance? How Much Critical Illness Insurance do I need? Changes in Critical Illness Products During the Pandemic and Beyond Difference Between Medically Underwritten and No Medical Critical Illness Insurance Traditional Critical Illness Insurance Simplified Critical illness Insurance Guaranteed...
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What Long-Term Care Insurance Options do Canadians Have in 2021?

Why there is a need in long-term care insurance After age 65 there is a 74% chance of needing long-term care in the future. It’s not just seniors worrying about this; more than 40 per cent of Canadians worry about how to provide, and afford, care for their parents as they age. Seniors are worried...
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A Closer Look at RBC Insurance and its Life and Living Benefits Products

Today we are looking in depth at the products of RBC insurance and discussing them with Thomas Juha, Senior Sales Consultant, Life & Living Benefits; Chris Kalman, Inside Sales Consultant, Life & Living Benefits; and Alfred Moreno, Sales Support Representative, Life & Living Benefits. They share their perspective on the following RBC insurance products: RBC...
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What Makes Assumption Life’s Final Expense Solution Different?

Today we are discussing Assumption Life’s Final Expense Solution with two Assumption Life experts: Cameron Walker (Senior Product Manager, Individual Insurance) and Daniel Audet (Associate Vice-President, Individual Insurance and Investments). Here are their answers about the product: How has the final expense marketplace changed in Canada in recent years? More than 5 million Canadians will...
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Guaranteed Insurance – Hidden Traps and Best Companies

Those without access to traditionally underwritten insurance products can apply for guaranteed issue life insurance. It is specifically designed for high-risk individuals. To help answer the many questions regarding guaranteed issue insurance, and why it is priced higher than other products, we’ve asked several professionals to weigh in. We specifically asked them: What hidden traps...
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