New premiums faltered but the number of policies was unchanged in 2021, compared with 2020.
The mutual insurer has also added a 10-pay option to its participating product.
Twenty per cent of claims are denied.
Term product boosts the number of policies slightly.
Nearly 20 options under the microscope.
The pandemic has raised Canadian credit and mortgage insurance buyers’ comfort level with online transactions.
One of the two insurers that still offer long-term care insurance is exiting the market.