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Latest News
Term vs. whole life insurance: Which type of policy is best? Jul 2nd
Term or whole life insurance? That is the question. But we have two more questions: What is the difference between these two types of policy? And which one is best for your needs?
Generally speaking, term life insurance is best for those seeking a low-cost, short-term solution. Whole life insuran.... More »
If my home is destroyed, will insurance cover its full replacement cost? Feb 20th
If you live in an area susceptible to flooding or other natural disasters, experts say, you should double-check that your insurance policy covers your home’s full replacement cost.... More »
Crazy Celebrity Insurance Policies (2nd Edition) Apr 17th
Welcome to this 2nd edition of "Crazy Celebrity Insurance Policies". Whether it's Tom Jone's chest hair or Jimmy Durante's "nose" for success, be prepared to say to yourself "that's crazy"! One thing is for sure: the average person could not afford these premiums..... More »
Great West Life acquires EverWest in U.S. real estate push Feb 3rd
TORONTO _ Great-West Lifeco’s real estate arm has acquired the business of Colorado-based EverWest Real Estate Partners, marking its first move into the U.S.
The terms of the deal announced today were not disclosed.
The president of GWL Realty Advisors says the acquisition of EverWest provides.... More »
Packing travel insurance on vacation + MORE Jul 17th
Summer travel season is in full swing. As you ponder where to go and what to pack, you may also be considering travel insurance.
The U.S. Travel Insurance Association, an industry group, estimates Americans spent over $2.2 billion in 2014 on all types of travel protection.
While popular with some tr.... More »
How to figure your life insurance needs
– moneysense.ca
Larry Cantello died a happy man, playing hockey with his buddies until a heart attack left him unconscious. It was those who loved the cheerful father of three young sons who were distraught.
Fortunately, he left his family a financial buffer—the $50,000 of life insurance he was provided as an employee of the municipal aquatic centre in Pointe-Claire, Que., plus more assets than most have at age 45.
He left a mortgage-free home near Montreal, a couple of cars, several years of pension contributions and other savings. His four siblings quickly set up an online appeal for help. Within a month, a fund for the funeral and the boys’ education was near the U.S. $20,000 target.
So Cantello’s wife Stephanie, a teacher, can afford to stay home well beyond her maternity leave. The proceeds from the insurance will be tax-free, and family expenses will now be less. Later, however, she may find a new love and ultimately remarry.
What about you? Would you leave your children and spouse with substantial assets? Have you bought enough life insurance— the cheapest and quickest way to protect them should tragedy strike? The whole point of insurance is that you never know when calamity will strike…
Fortunately, he left his family a financial buffer—the $50,000 of life insurance he was provided as an employee of the municipal aquatic centre in Pointe-Claire, Que., plus more assets than most have at age 45.
He left a mortgage-free home near Montreal, a couple of cars, several years of pension contributions and other savings. His four siblings quickly set up an online appeal for help. Within a month, a fund for the funeral and the boys’ education was near the U.S. $20,000 target.
So Cantello’s wife Stephanie, a teacher, can afford to stay home well beyond her maternity leave. The proceeds from the insurance will be tax-free, and family expenses will now be less. Later, however, she may find a new love and ultimately remarry.
What about you? Would you leave your children and spouse with substantial assets? Have you bought enough life insurance— the cheapest and quickest way to protect them should tragedy strike? The whole point of insurance is that you never know when calamity will strike…
Smoking and Life Insurance
– life-insurance-quotes.ca
As insurance brokers we get many questions about smoking and life insurance from Canadians. Is there an “occasional smokers” rate? How much more do smoker’s rates cost? What about smoking cigars or marijuana? Read on to find out answers to these questions and more.
Sun Life reports Q1 net income of $400M; down from $410M last year
– canadianbusiness.com
TORONTO – Sun Life Financial Inc. (TSX:SLF) has reported a drop in first-quarter net income from continuing operations as increases in claims and insurance contract liabilities offset revenue from premiums, fees and investment income.
The insurance and wealth management company reported after markets closed Tuesday that it had net income from continuing operations of $400 million or 65 cents per diluted share in the three months ended March 31, down from $410 million or 85 cents per share in the same year-earlier period.
Revenue from premiums, fees and investment income totalled $6.46 billion, compared with $3.79 billion in the year-earlier period.
However, the company said gross claims and benefit paid rose to $3.2 billion from $2.9 billion,while insurance contract liabilities rose to $2.23 billion from $222 million.
Sun Life Financial offers a diverse range of protection and wealth products and services to individuals and corporate customers in the Canada and the United States, as well as in the United Kingdom and Ireland and throughout Asia, including China, Hong Kong, the Philippines, Japan, Indonesia, India and Australia…
The insurance and wealth management company reported after markets closed Tuesday that it had net income from continuing operations of $400 million or 65 cents per diluted share in the three months ended March 31, down from $410 million or 85 cents per share in the same year-earlier period.
Revenue from premiums, fees and investment income totalled $6.46 billion, compared with $3.79 billion in the year-earlier period.
However, the company said gross claims and benefit paid rose to $3.2 billion from $2.9 billion,while insurance contract liabilities rose to $2.23 billion from $222 million.
Sun Life Financial offers a diverse range of protection and wealth products and services to individuals and corporate customers in the Canada and the United States, as well as in the United Kingdom and Ireland and throughout Asia, including China, Hong Kong, the Philippines, Japan, Indonesia, India and Australia…
Sun Life’s profit edges lower in first quarter
– theglobeandmail.com
However, Canadian insurance and wealth sales grew by double digits
