Life Insurance

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…

      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…

Term Life insurance is great for getting the amount of life insurance your family needs, at a cost you can afford. Here is an example of how to save more than 100% on Term Life Insurance! You can save over 100% on your life insurance premiums and save thousands of dollars. This may sound unlikely,…

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…

Universal Life policies first became popular in the early 1980s, and had been developed a few years earlier.  They are considered unbundled policies, in that the various parts of an insurance policy, which include the term insurance, the cash value and the expenses, are priced separately and stated in the contract. This was a response…

Waiver of premium on a life insurance policy is a rider that you can optionally add and which may pay the premiums of a life policy for you during a period of disability.  This can help keep your valuable life insurance in place for your family during a time when you are already vulnerable because of…