Canadian Life Insurance Companies Blog

Critical illness insurance is a living benefits policy that pays a benefit to the person who owns the policy, as opposed to their beneficiaries. This is insurance that provides owners with a lump sum of money if they experience a critical illness that is covered under their critical illness policy.  Common covered illnesses are heart…

Here is a guide I put together for my clients to help in understanding and purchasing disability insurance.  If you would like an individual quote for disability insurance using your information, please fill out and submit the short form here. Disability Insurance is referred to as a Living Benefit policy because it is something that…

Life Insurance is an economical way to financially protect your family from not having enough time to complete your plans.  It is part of an overall strategy of Financial Planning (video).   Life insurance can replace the income you would have earned to your family in case of an early death. The buying of life insurance…

Long Care Term Insurance is designed to help pay for the care that people may need as they get older, especially after retirement.  Many disability policies now have the feature that after a certain age, the disability benefit can be converted to a long term care benefit, determined by the policy. The cost of long…

Merger of Excellence Life Insurance Company and Industrial Alliance Insurance and Financial Services Inc   QUEBEC CITY, Sept. 25, 2019 /CNW Telbec/ – iA Financial Group today announces the merger of two companies of its group: Excellence Life Insurance Company (hereinafter “Excellence”) and Industrial Alliance Insurance and Financial Services Inc. (hereinafter “iA Insurance”). Subject to regulatory approval, the…

Sept 14, 2021 Equitable Life Insurance Company of Canada made changes to its executive team on Tuesday. Donna Carbell has been hired as senior vice-president of individual insurance with Equitable Life, while Tara Proper has been promoted to senior vice-president of investments. They replace Karen Mason and Paul English, respectively, who are retiring at the…

RATING ACTION COMMENTARY Fitch Affirms Wilton Re’s Ratings; Outlook Stable Wed 11 Aug, 2021 – 9:58 AM ET Fitch Ratings – New York – 11 Aug 2021: Fitch Ratings has affirmed the ‘A+’ (Strong) Insurer Financial Strength (IFS) ratings of Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited (WREB), Wilton Re Overseas Limited, Wilton Reassurance Life…

What Does a Funeral or Cremation Cost in Canada? Everyone has a point in their lives when they have to face the topic of death. It is not something that anyone likes to think about, let alone talk about with their families. However, putting off crucial decisions about final arrangements will only make it more…

Please fill out the enclosed information to get a critical illness insurance quote.  We will send out a quote based on the information you have provided.  Critical Illness insurance has a lot of variables that impact how it is paid out.  That is why there is not an automatic online calculator for critical illness coverage….

Please fill out the enclosed information to get a disability insurance quote.  We will send out a quote based on the information you have provided.  Disability insurance many variables that impact how it is paid out.  That is why there is not an automatic online calculator for disability.  We have specialized in disability insurance for…

      With a Life Insurance Company    With a Bank or Trust Company ·         You purchase an individual policy which is fully underwritten at time of application. ·         You get a certificate relating to a master group policy which is typically underwritten at time of death. ·         You own the policy – you…

Getting the benefit of the opinion from an independent broker who knows the basics of your situation is invaluable, and you have already paid for it. Every insurance policy in Canada is by law sold through a licensed agent, and that generates a commission or salary, even if the policy is bought online.  So you…

Mortgage Insurance Explained Enclosed is a brief video showing 3 ways and reasons to save money on your bank mortgage insurance. 1.Do you want to receive the big discount available for being a non-smoker?  At banks, smokers and non-smokers pay the same rate.  This is a great deal for smokers, btw. 2. Do you want…