Insurance

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: Dollar-cost averaging and insurance

With recent market turmoil, many articles have espoused the virtues of dollar-cost averaging. The theory is that as the cost of a unit or security goes down, regular and disciplined investments will take advantage of reduced pricing and lower the average cost of acquiring the investment, at least on a temporary basis. But where does […]

By Chris Paterson |March 4, 2009

4 min read

CRA review of 10/8 insurance programs

Much has been written about the Canada Revenue Agency’s plans to review leveraged insurance arrangements, also known as 10/8 programs. These programs typically have the following characteristics: Why would a policyholder enter into this type of loan arrangement? The answer lies in the fact that if the money is borrowed to earn business or investment […]

By Kevin Wark |February 23, 2009

4 min read