How Secure are Canadian Life Insurance Policies?
Introductory excerpt below. Read the full White Paper by clicking on the following link:
www.primequadrant.com/HowSecureAreCanadianLifeInsurancePolicies.pdf
How Secure are Canadian Life Insurance Policies?
By Paul Goldstein, BA, CFP, CLU, CHFC, TEP
The idea for this report came to me in the wake of the widespread concerns caused by the economic crisis which started in 2008.
The press was having a field day reporting the beatings some major life insurance company shares were taking in the market place. Questions were being raised about the life insurance companies’ ability to fulfill their obligations to their policyholders. My clients wanted to know whether their policies were still safe and secure.
During my 43 years as a financial advisor, I have always prided myself on exercising the utmost due diligence on behalf of my clients. I felt that they, as well as consumers at large, deserved more than offerings of glib, reassuring platitudes.
This called for a professional and realistic response.