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Segregated funds and annuities: Two products for life

By Alain Thériault | Dec. 15, 2023, 9:36 a.m.

Photo: Unsplash

They can be a lifeline for workers without a private retirement plan.

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Headlines

Fallout of a cyber catastrophe modelled by reinsurer

Average fund fees declined following implementation of disclosure rule amendments

Close to one-in-ten seniors worked out of necessity in 2022

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Segregated fund

Seg fund deferred sales charge rules officially take effect February 14

Insurance regulators publish consultation paper on seg fund compensation

Equitable Life adds a dozen new seg funds

Stock markets fuelled segregated fund sales in 2021

Annuities

Manulife’s net income skyrockets by 279.3 per cent

iA's net income falls 12.7 per cent

Desjardins’ earnings: sharp decline in property & casualty segment

AM Best returns Canadian life and annuity business rating from negative to stable

Investments

Average fund fees declined following implementation of disclosure rule amendments

Your client’s concerns in 2024

Insurers express increased appetite for private market investments

Registered retirement savings plan contributions resume downward trend

Life Insurance

Direct simplified issue offerings benefit advisors eventually

Insurers boosted by simplified issue insurance sales

Insurer divests U.S. business to focus on Canada

Tips for increasing your firm’s value

ASSUMPTION LIFE

A veteran of the Client Management Software industry returns

Assumption Life insurance sales surged in 2023

Managing General Agency bets on share ownership to win advisors

Regulator refuses license to agent who maintained policies for 70 fictitious clients

EQUITABLE

Several new developments in permanent life insurance

Most popular articles of 2023 related to societal issues

Annuities boosted by interest rates

In-force business: Data providers still missing

EMPIRE LIFE

One-third of Canadians have little or no life insurance

Empire Life posts net income of $156 million for 2023

Life insurance: Financial results of 25 insurers in Canada in 2022

Empire Life increases earnings in first quarter 2023

SUN LIFE FINANCIAL

Commercial real estate adversely affects insurers’ 2023 financial results

Insurers coordinate to execute annuity buy-out deal for Ford of Canada

Sun Life earnings up 11 per cent in 2023

BMO Insurance considers higher profile going forward

CANADA LIFE

Great-West's earnings down by 24 per cent in 2023

Overhead expense insurance to prevent business disruption

Buy-sell insurance: A safeguard in tough times

Leadership change for Canada Life's Canadian operations: Jeff Macoun to retire

DESJARDINS

Quebec flood zone map raises concerns even before its release

It was appropriate to move forward the purchase of ICPEI, says Valérie Lavoie

Desjardins to fully own ICPEI

Global penalty and disgorgement ordered in discretionary trading case

UV INSURANCE

Individual insurance in 2024: clients demand quicker responses

Seg funds: Regulators agree with charge back but in a tightened manner

Long-term care: Manulife reassures $6 billion

Term insurance: A product more complex than it seems

STATISTICS CANADA

Close to one-in-ten seniors worked out of necessity in 2022

Income inequality gap widens in 2023

Cancer incidence higher for those living within 50 kilometers of a wildfire

Unpaid caregiving most common among prime working-age Canadians

RBC

Insurers pushing their limits in accelerated underwriting

RBC Wealth Management's first-quarter earnings down 27 per cent

Consumer sentiment scores show significant improvement

Safe haven assets gain prominence amid economic slowdown

MANULIFE

Manulife reinsures $5.8 billion of reserves for block of universal life business

Water risks are an opportunity for investors

Firm warns that rising rates won’t help defined benefit plans forever

More than $5 billion in earnings for Manulife in 2023

CO-OPERATORS

Helping investors look beyond the immediate to invest in their futures

Co-operators General’s earnings down 41 per cent in 2023

Co-operators announces acquisition

Ontario insurance regulator fines wellness centre and principals for fraud

WAWANESA

Insurance poised for significant growth... among the wealthiest

PC Insurance and Loblaw aim to expand in auto and home Insurance

Centre for Study of Insurance Operations convenes standards advisory council

Brokers concerned about cyber security

IA FINANCIAL GROUP

iA Financial acquires Laurentian Bank’s full-service brokerage division

iA Financial Group’s earnings up 149 per cent in 2023

Interest rates: A selling point for credit insurance

Withdrawals choices can mitigate taxes

Distribution

Fallout of a cyber catastrophe modelled by reinsurer

Wholesalers have growth ambitions

Casualty rates excluding auto liability decline at the start of 2024

Harnesssing group insurance data: The Power of statistics

Investment

Pension funding rises in March

Pension risk transfer market volumes in 2023 match record

Defined benefit pension funding increases in the first quarter of 2024

Swiss Re increases stake in Definity

Strategy

Race to insure electric vehicles could change the industry

Ontario regulator publishes guidance for comment

New tool available to help municipalities mitigate flood risk

BrokerLink closes three transactions

Retirement

Agent who defrauded retired couple banned from securities registration

Women over 65 less likely than men to visit medical specialists for non-emergencies

Variable payment life annuities get new champion

Hub acquires Ontario-based firm

Analytic

National Flood Insurance Program promised again in budget

Embracing artificial intelligence is crucial for industry

Six out of ten workers not performing to their full potential

Insurers likely to benefit from adding obesity drugs to benefits coverage

Wealth management

Younger households turning away from the housing market

Target-benefit plans require clearer regulation

Life insurance associations urge government to make tax changes

First-quarter earnings up 51 per cent for BMO Wealth Management

Financial planning

One in four workers fears they can't retire

Widespread financial vulnerability uncovered in surveys

Manitoba closes consultation on title protection efforts

Ontario seeks feedback on permanent target benefit pension framework

Infographic

Aviva Canada increases earnings by 13 per cent in 2023

Canadian life application activity increases in February

Higher education levels associated with longer, healthier lifespans

Northbridge's written premium volume rises by 6 per cent in 2023

Product tables

Advisor support: The key to critical illness sales

Guaranteed withdrawal benefit plans pivotal for retirement planning

Non-guaranteed disability insurance: 11 coverage options

Non-cancellable disability insurance: Offer shrinks

Magazine supplement

Advisor makes her mark in planned giving insurance

Artificial intelligence to combat underinsurance

Impaired driving: Surprises at the emergency room

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