Industrial Alliance, Canada’s fourth-largest life and health insurance company, purchased iA Excellence in 2008. This was a Montreal-based life insurance company that had been around since 1962. After the Group management announced the merger of Industrial Alliance and IA Excellence into a single entity, IA Financial Group, the logical conclusion to this strategic acquisition was…
Over its long history, Ivari (formerly Transamerica) has helped millions of Canadians make informed financial and insurance decisions. It has approximately 18,000 representatives in Canada today who strive to offer innovative, customized and affordable solutions. Transamerica Life Canada changed its title to Ivari in 2015. Wilton Re, owned by its management and CPPIB – Canadian…
Life Insurance is an economical way to financially protect your family from not having enough time to complete your plans. It is part of an overall strategy of Financial Planning (video). Life insurance can replace the income you would have earned to your family in case of an early death. The buying of life insurance…
Manulife Financial Canada is one of the leading financial services providers in the country. As a result, they are always looking for ways to innovate, improve and stay ahead of their competition. In this article, we will be taking a look at Manulife Financial Canada’s plans for 2023 and exploring what’s new. From changes to…
You might wonder whether premiums for life insurance are tax-deductible when you file your taxes. Sorry, there is no one-word answer. The most useful 2-word answer is “Usually – No”. Are Life Insurance Premiums Tax-deductible? Canada’s Income Tax Act, (ITA) allows for the deduction of insurance premiums. However, this complicated maze of rules is applicable…
RBC Life Insurance continues to be one of the leading providers of life insurance and disability insurance in Canada. With a history dating back over 160 years, this well-established financial institution has long been trusted by Canadians for their insurance needs. RBC Life Insurance Canada provides customers with an extensive range of products and…
Mortgage Insurance Explained Enclosed is a brief video showing 3 ways and reasons to save money on your bank mortgage insurance. 1.Do you want to receive the big discount available for being a non-smoker? At banks, smokers and non-smokers pay the same rate. This is a great deal for smokers, btw. 2. Do you want…
It is 2023, and the world of Canadian life insurance has evolved in ways that were unimaginable only a few years ago. Not so long ago, Canadians who wanted to buy life insurance had only limited options; now they have access to an array of innovative products designed with their specific needs in mind. With…