Revised document incorporates suggestions following from March 2008 discussion paper
Amendments codify some of the existing practices in the industry
Clients may want access to the cash, or to transfer a policy to a child, spouse or charity
Firm aims to provide life insurance market with greater choice for reinsurance partners
Objective is to promote awareness and enhance transparency of the intervention framework for federally regulated life insurance companies
The Standard Life Assurance Co. of Canada today announced the addition of a whole life insurance product to its portfolio of wealth management solutions. The new whole life product is available immediately through independent financial advisors across Canada.Standard Life’s whole life product offers premiums and values that remain unchanged for the duration of the contract. […]
Report highlights top 10 risks to insurers
Document outlines new structure for principle-based solvency financial requirements
Life insurers may be better positioned than the banks, with little or no exposure to credit problems. Plus they are well managed
Proposed regime intended to encourage the use of improved risk-based business decisions