Living Benefits

Premium Advice: The need to review buy-sell arrangements

In the current economic environment, many business owners have to face the reality of the true sustainability of their business due to constrained cash flows, increased and more aggressive competition and the deferral or cancellation of orders. Unfortunately, for businesses undergoing an unforeseen exit of a major shareholder, many of those same challenges can be […]

By Chris Paterson |April 2, 2009

3 min read

CI definitions: Covered conditions, explained (Part 2)

Last week we discussed an industry initiative led by Munich Re, that brought CI insurers together to create a new set of benchmark definitions for the Canadian marketplace. The language might be a bit much to get through, but this week we give you the new set of benchmark definitions created by committee members from […]

By Hélène Michaud |March 24, 2009

12 min read

Demystifying CI definitions

Last year, an industry initiative led by Munich Re brought together a group of CI insurers to discuss the possibility of developing benchmark definitions for the Canadian market. The members of this committee represented over 80% of the Canadian CI market in terms of new business premiums and brought a wealth of expertise from underwriting, […]

By Hélène Michaud |March 18, 2009

6 min read

Premium Advice — Severance planning with insurance

Last month, I wrote about the Worskis*, a couple in their late 50s who had recently found themselves out of work due to economic challenges facing their now former employer. Click here to read that article. Many of you had further ideas and questions. I’ll address a few of them in this space. 1. The […]

By Chris Paterson |February 9, 2009

4 min read