Canad Life Concourse 3.5 Effective May 28, 2018 1 Attachment: Concourse 3.5 Updates Direct Download Link New with this release: The 2018 dividend scale changes including increased dividend scale for all participating life insurance policies issued on or after Jan. 1, 2017. Updated Enhanced Coverage Option maximums as well as additional deposit option maximums for these [...]
Assumption Life LIA 9.0 Effective May 1, 2018 1 Attachment: DI Improvements New with this release: New and improved Disability Insurance Credit cards now accepted as loans No restrictions on loan terms Withdrawal of pre-existing conditions Combine DI based on Employment Income and DI based on Loan New limits for DI based on Employment Income [...]
Desjardins Insurance will withdraw LTC (Independent Living long-term care) insurance. However, each application must be received at DFS branch office by June 29, 2018. The application must be signed by the client no later than JUNE 17.
TO: ALL ONTARIO BROKERS In June 2005, the Government of Ontario passed the Accessibility for Ontarians with Disabilities Act ("AODA"). The purpose was to create a barrier-free province by 2025, by incorporating standards that promote dignity and independence for those with disabilities. The OADA is built around the core principles of independence, dignity, integration and equality [...]
Don't forget that clients with existing T10 coverage can convert their policy to series 2012 Sun Critical Illness Insurance until December 31, 2017 at 11:59 pm EST. Please refer to our previous communication to help you to determine how to best support clients. Remember, you'll need to provide these clients with the Series 2012 Guide to [...]
On Jan. 1, 2018, the Life Insurance Capital Adequacy Test (LICAT) guideline replaces the Minimum Continuing Capital and Surplus Requirements (MCCSR) guideline. LICAT is a new regulatory capital framework for the Canadian insurance industry. The Office of the Superintendent of Financial Institutions (OSFI) establishes capital guidelines (including both LICAT and MCCSR) which federally regulated life insurance companies must [...]
Please find the 2017 Year-End Closing Dates below for each insurance company. You must submit all requirements (including cheques) to TORCE New Business office by the following dates to guarantee settlement for year end.