How to go about securing the best policy for your insurance in Canada.
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Manulife Vitality Program May 31st
Introduction
Welcome to our latest blog article. Today we are looking at a Health and Wellness program called Vitality®, which can now be obtained when individuals or families purchase certain Manulife personal or group insurance plans.
This Vitality program can be used as an aid to improving heal.... More »
Do you need long-term care insurance? Aug 12th
No offence to any of us but, as a country, we’re getting old. The average age of a Canadian in 2024 was 41.6 years, according to Statistics Canada, and by 2030, one in four Canadians will be 65 or older.
That means there’s a growing demand for health services and long-term car.... More »
CMHC Insurance Now Covers Only 50% of New Mortgages + MORE Jun 12th
The federal government’s plan to play a reduced role in Canada’s housing market is clearly starting to take hold.
Driven by a series of measures to tighten mortgage lending criteria and reduce taxpayer exposure, the Canada Mortgage and Housing Agency reports that it’s now insuring a scant 50 .... More »
One good driver receives a $600 car insurance surprise: Mayers + MORE Aug 18th
There are several things that affect the cost of your car insurance. Where you live is one of them..... More »
No health insurance? Here’s how to keep dental costs from bankrupting you May 24th
Should you get dental health insurance? (Likely no) Can you haggle over prices with your dentist? (Yes!). The Star spoke to experts about strategies for keeping costs in check..... More »
Do Insurance Acquisitions Mean Less Choice for Consumers?
– ratesupermarket.ca
Manulife Financial’s proposed $4-billion deal to buy Standard Life’s Canadian operations will help improve its core lines of business, say analysts.
Standard Life is currently the 5th largest life insurer in Canada, and has 1.4 million customers – with $52 billion of assets under management.
Like most life insurance companies, Edinburgh-based Standard Life has been struggling in the ongoing low interest rate environment as declining spreads put the squeeze on profit margins. It put its Canadian book of business on the block earlier this year.
Stronger Presence In Quebec
The firm’s Canadian operations are an appealing target for Manulife particularly because of its strong presence in Quebec – a province where Manulife is interested in expanding – and its comprehensive wealth management operations that are generally less impacted by low interest rates.
“This transaction also allows us to leverage Standard Life’s strong presence, and deep understanding of the unique attributes of the Quebec market,” says Marianne Harrison, Manulife Senior Executive Vice President and General Manager for Canada…
Should You Have Earthquake Insurance?
– ratesupermarket.ca
If an earthquake happens tomorrow (knock on wood) and your house is damaged by the shaking and quaking, who do you think covers the cost of the damage?
If you’re like the 56 per cent of Canadians polled in a recent survey by Square One — a Vancouver-based insurance company — you might think the government is footing the bill. Wrong. Unless you have earthquake coverage on your home insurance policy, the cost is coming out of your pocket.
“A majority wrongly believes the government will provide financial assistance for earthquake damage,” said Daniel Mirkovic, president of Square One, in a press release about the survey. “There are some misconceptions that need to be addressed.”
Because damage due to earthquake is insurable — unlike other disasters such as overland flooding — homeowners and renters are not eligible for help from the government. So… should you get shaken up about an earthquake insurance policy?
Also read: Insurance Lessons Learned From the Calgary Floods>
Is Earthquake Coverage Worth It?
Many Canadian homeowners and renters may eschew earthquake damage coverage, assuming the chances of a damage-inflicting quake occurring are low…
