Life Insurance Canada News

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...

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,...

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...

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...

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...

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...

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...

Guaranteed life insurance is a purpose-built product to help insure those without access to traditional underwriting. As this product is designed to insure high-risk individuals, there are a lot of questions regarding who it is best for and why the premiums are higher than other products. Today we ask several professionals: When is it best...

Specialty Life Insurance: Background Specialty Life Insurance (SLi) is a very unique life insurance company that is completely focused on one demographic – those that have trouble getting traditionally underwritten coverage. To help everyone get the coverage they need, SLi specializes in No Medical life insurance. Evolution is a new product created by SLi. Evolution...