Don't play with reality visiting Canada. You have to defend your financial future in case of medical emergency. Visitors to Canada insurance can help if you buy it before arrival. You will regret
Even unexpected happiness can cause medical problems in the future. So, you should be ready for any events in your live with proper insurance plan coverage.
Monday, January 4, 2010
Sunday, July 26, 2009
Emergency Medical Insurance For New Canadian Immigrants
As for Ontario, Quebec, BC, New Brunswick you also have to buy Canadian Private Medical Insurance Plan for the first 90 days in Canada. The name of the plan is Visitors to Canada Single Trip Medical Insurance.You should choose the coverage amount (varys from $25,000 to $200,000). I suggest you to buy as much as you can to avoid unreasonable financial risk. If you want to decrease the cost , you can increase deductible amount. Good luck and welcome to Canada.
Monday, November 17, 2008
Canada Life participating policyholder 2009 Canadian dividend scale announcement
Canada Life participating life insurance offers consumers important advantages and choice as part of a sound financial security plan. The company committed to maintaining choice and flexibility for clients and advisors.
While some companies have exited the participating life insurance market, Canada Life promises to continue to be a leader in this area. They believe in participating life insurance and know the value it has delivered to policyowners. Canada Life is part of an organization that is the leading provider of participating life insurance in Canada. In 2007, the organization's collective participating life insurance sales grew by 15 per cent, surpassing $100 million in premium. Their extensive portfolio of life insurance products gives advisors choice in how best to serve their clients' financial security needs.
Participating life insurance policies are eligible for a periodic policyholder dividend. A review has been completed of the Canada Life participating account experience. Regarding the company statement, the 2008 dividend scale for Canada Life individual life insurance participating policies will continue to apply in 2009.
While some companies have exited the participating life insurance market, Canada Life promises to continue to be a leader in this area. They believe in participating life insurance and know the value it has delivered to policyowners. Canada Life is part of an organization that is the leading provider of participating life insurance in Canada. In 2007, the organization's collective participating life insurance sales grew by 15 per cent, surpassing $100 million in premium. Their extensive portfolio of life insurance products gives advisors choice in how best to serve their clients' financial security needs.
Participating life insurance policies are eligible for a periodic policyholder dividend. A review has been completed of the Canada Life participating account experience. Regarding the company statement, the 2008 dividend scale for Canada Life individual life insurance participating policies will continue to apply in 2009.
- Participating policyholder dividends are estimated to be $168 million in 2009.
- The interest rate for dividends on deposit will remain at 2.75 per cent or if greater, the minimum guaranteed interest rate in the contract.
- The policy loan interest rate will remain at 7.5 per cent, or if lower, the guaranteed interest rate in the contract.
Thursday, October 23, 2008
Fidelity to transition its Canadian group retirement and savings plan record-keeping business to Great-West Life
Agreement represents $2.2 billion in assets
Great-West Life today announced that it has entered into an agreement with Fidelity Investments Canada ULC (Fidelity) whereby Fidelity will transition its Canadian group retirement and savings plan record-keeping business to Great-West Life, representing $2.2 billion in assets under administration. A link to the news release sent out earlier today is below.
The agreement includes approximately 100 plan sponsors, 470 group retirement plans and 95,000 members, and is effective immediately.
Great-West Life is very pleased to have been selected by Fidelity as the service provider for its Canadian clients. This transaction further solidifies Great-West Life’s position as a market leader in group retirement and savings plan administration, providing record-keeping services for 30 per cent of the capital accumulation plans in Canada.
Fidelity chose Great-West Life based on its commitment to client service, reputation for quality, and wide range of options for group retirement plan sponsors and plan members.
Over the months ahead Bill Kyle, Senior Vice-President, Group Retirement Services and his team will focus on ensuring a smooth transition for the plans currently served by Fidelity, and continuing to provide high quality service for Great-West Life’s existing group retirement plan sponsors and plan members.
A dedicated project team has been assigned to work on the transition of this business. As well, we anticipate some Fidelity administration and service staff will join our organization and continue their involvement with these clients to maintain continuity of service.
Group Retirement Services has significant expertise in managing large transactions, including the transfer of over 7,300 plans, 860,000 members and over $14 billion in assets to Great-West Life. This experience will help ensure a smooth transition for these clients.
Here is a link to the news release: http://www.greatwestlifeco.com/english/news/lifeco_10_22_2008.pdf
Some questions and answers follow.
How significant is this?
This transaction further solidifies Great-West Life’s position as a market leader in group retirement and savings plan administration, providing record-keeping services for 30 per cent of the capital accumulation plans in Canada.
How much will this increase our group retirement and savings business?
Prior to this agreement, our presence in the Canadian capital accumulation market represented nearly 17,000 plans and more than 1.1 million members. The Fidelity business to be transitioned to Great-West Life represents approximately $2.2 billion in assets under administration, and includes approximately 100 plan sponsors, 470 group retirement plans and 95,000 members.
This business represents growth of approximately 10 per cent for our capital accumulation plans.
How much did Great-West Life pay for this business?
The purchase price was not disclosed.
When do you expect the transition of this business to be complete?
We anticipate completing the transition by June 30, 2009.
Will Fidelity clients automatically transition to Great-West Life?
Great-West Life has been chosen by Fidelity as the service provider for this business and we will be working to ensure a smooth transition for these clients.
How many Fidelity staff will be joining our organization and where?
We anticipate adding staff from Fidelity – client relationship managers, customer service specialists and investment and retirement specialist positions -- however the number of positions has not yet been determined. Most of these positions would be located in our offices in Toronto.
Other Fidelity staff who work for the group retirement record keeping business will have the opportunity to apply for positions at Great-West Life and affiliated organizations as these positions become available.
Why did Great-West Life enter this agreement now?
We are always looking for opportunities to grow our business. This agreement is the result of ongoing discussions that have taken place over the past few months.
Has Great-West Life been affected by the continuing turmoil in financial markets?
Over a long period of time, our companies have maintained prudent and conservative investment policies and practices with respect to the management of their consolidated assets. Our balance sheets continue to be very strong, and we are well capitalized.
Find Insurance Online Blogspot
Great-West Life today announced that it has entered into an agreement with Fidelity Investments Canada ULC (Fidelity) whereby Fidelity will transition its Canadian group retirement and savings plan record-keeping business to Great-West Life, representing $2.2 billion in assets under administration. A link to the news release sent out earlier today is below.
The agreement includes approximately 100 plan sponsors, 470 group retirement plans and 95,000 members, and is effective immediately.
Great-West Life is very pleased to have been selected by Fidelity as the service provider for its Canadian clients. This transaction further solidifies Great-West Life’s position as a market leader in group retirement and savings plan administration, providing record-keeping services for 30 per cent of the capital accumulation plans in Canada.
Fidelity chose Great-West Life based on its commitment to client service, reputation for quality, and wide range of options for group retirement plan sponsors and plan members.
Over the months ahead Bill Kyle, Senior Vice-President, Group Retirement Services and his team will focus on ensuring a smooth transition for the plans currently served by Fidelity, and continuing to provide high quality service for Great-West Life’s existing group retirement plan sponsors and plan members.
A dedicated project team has been assigned to work on the transition of this business. As well, we anticipate some Fidelity administration and service staff will join our organization and continue their involvement with these clients to maintain continuity of service.
Group Retirement Services has significant expertise in managing large transactions, including the transfer of over 7,300 plans, 860,000 members and over $14 billion in assets to Great-West Life. This experience will help ensure a smooth transition for these clients.
Here is a link to the news release: http://www.greatwestlifeco.com/english/news/lifeco_10_22_2008.pdf
Some questions and answers follow.
How significant is this?
This transaction further solidifies Great-West Life’s position as a market leader in group retirement and savings plan administration, providing record-keeping services for 30 per cent of the capital accumulation plans in Canada.
How much will this increase our group retirement and savings business?
Prior to this agreement, our presence in the Canadian capital accumulation market represented nearly 17,000 plans and more than 1.1 million members. The Fidelity business to be transitioned to Great-West Life represents approximately $2.2 billion in assets under administration, and includes approximately 100 plan sponsors, 470 group retirement plans and 95,000 members.
This business represents growth of approximately 10 per cent for our capital accumulation plans.
How much did Great-West Life pay for this business?
The purchase price was not disclosed.
When do you expect the transition of this business to be complete?
We anticipate completing the transition by June 30, 2009.
Will Fidelity clients automatically transition to Great-West Life?
Great-West Life has been chosen by Fidelity as the service provider for this business and we will be working to ensure a smooth transition for these clients.
How many Fidelity staff will be joining our organization and where?
We anticipate adding staff from Fidelity – client relationship managers, customer service specialists and investment and retirement specialist positions -- however the number of positions has not yet been determined. Most of these positions would be located in our offices in Toronto.
Other Fidelity staff who work for the group retirement record keeping business will have the opportunity to apply for positions at Great-West Life and affiliated organizations as these positions become available.
Why did Great-West Life enter this agreement now?
We are always looking for opportunities to grow our business. This agreement is the result of ongoing discussions that have taken place over the past few months.
Has Great-West Life been affected by the continuing turmoil in financial markets?
Over a long period of time, our companies have maintained prudent and conservative investment policies and practices with respect to the management of their consolidated assets. Our balance sheets continue to be very strong, and we are well capitalized.
Find Insurance Online Blogspot
Saturday, June 14, 2008
Time To Buy Canadian Travel Insurance
As the summer season heats up, so are economic concerns for the travel industry. However, increased gas costs and airfare may not impact the travel industry as much as you think.
According to the Conference Board of Canada, there was a recent surge in Canadian auto travel to the US. In the survey, many travelers also indicated an intention to make longer versus frequent and shorter trips. When asked about their destinations this summer, travelers say they're choosing to spend their longest vacation traveling within Canada. Recent news also shows continued increases in gas sales, a strong indication that Canadians have not made significant lifestyle changes and will continue to drive this summer.
As you can see, traveling isn't just about flying. For me, summer road trips have always been about spending time with the family and sightseeing. Despite increases in gas costs, traveling by car is still more cost effective for families and is still a very popular and flexible way to travel. The open road also means no check-in times, flight connections, or luggage fees – which have been rising – allowing travelers to truly get back to the basics of rest and relaxation.
But before you hit the road, remember the importance of proper travel protection. Thousands of Canadians travel outside of their province or territory of residence each year but those who go without travel insurance do so at great risk to their health, finances and peace of mind. Additionally, did you know that Travel Underwriters also offers Rental Car Protection that covers everything from scratches and dents, to collision and theft of rented vehicles? No matter how safe a driver you may be, accidents can happen on and off the road.
Michael Arbetov, CFP, FMA
Insurance And Financial Advisor
Related articles and websourses
Travel Insurance: Minimize the Risks of Travel
Travel insurance for Canadians
Appropriate Canadian Travel and Visitor to Canada Insurance
Insurance Of Immigrants, Guests And Tourists In Canada
Buy Visitors to Canada Medical Insurance Online
Health Insurance For Visitors To Canada
Buy Online Medical Insurance For Visitors To Canada
Buy On-line Emergency Travel For Visitors To Canada
No Exam Life Insurance
Saturday, November 4, 2006
Wawanesa Insurance - the story of success by Tim Baker
Buy Travel Insurance For Visitors to British Columbia, Canada Online Now
Wawanesa Insurance Company is a Canadian insurer operating on insurance market for more than a hundred years. It is one of the largest property and casualty insurers in Canada. Wawanesa owns a subsidiary company - Wawanesa Life, which is also targeted at the Canadian insurance market. In the 1970's Wawanesa has expanded its operations and established another subsidiary company in the United States - Wawanesa General.
Nowadays, Wawanesa has 1.800 employees working in Canada and the United States and 1.300 insurance brokers working in Canadian insurance market. In 2005 the Company earned $1.5 billion and expanded its portfolio to three billion dollars. It is one of the most reliable insurers in Canada.
In the beginning
The story of Wawanesa begins in 1895 when Alonzo Fowler Kempton and Charles Kerr decided to establish an insurance company, which would be more efficient than the companies existed at the moment and consequently, could charge lower premiums. The idea was viable. Twenty local farmers liked the initiative and invested $20 each to finance the company. Thus, the company was born.
For the first few years Wawanesa Mutual Insurance Company experienced considerable losses, the fact that made it to diversify its coverage into a broader range of farm equipment and buildings, schools and churches. In addition, the company expanded its activity into new geographical areas - Saskatchewan and Alberta provinces. By the end of the century Wawanesa was protecting $1 million worth property. A few years later this figure grew to $20 million and in 1910 the company claimed to be "the largest Mutual Fire Insurance Company in Canada".
During the First World War the growth remained stable, and Wawanesa retained the name of a reliable company. In 1922 the company underwent a change in leadership. The new managing director, Charles Morley Vanstone was the man, who led Wawanesa Insurance through the hard times of the Great Depression.
Further growth
In 1926 Wawanesa offered its clients coverage on private buildings in towns and cities. In 1928 the company diversified its coverage more and issued the very first auto insurance policy. A year later Wawanesa was granted a Dominion of Canada charter, which meant the company could offer coverage throughout Canada. The years of the Great Depression had a little impact on Wawanesa. In fact the company strengthened and expanded during this period. It opened new branches in Montréal, Winnipeg, and Moncton within five years. While other businesses collapsed, Wawanesa prospered and before the Second World War Wawanesa had a reputation of a "straightforward organization, free from chicanery and all forms of trickery".
During the 1940's and 1950's, Wawanesa Insurance became known as an innovative company. For instance, the company offered low premiums to young British Columbians who completed either a Canadian Automobile Association approved driver course, or a high-school driving program.
In the early 1960's, the company opened its subsidiary - Wawanesa Life Insurance Company. For the next few years both companies grew steadily, however in the late 1960's the company faced a new challenge, which had a great influence on the company's future.
New expansion
After the 1969 election of a New Democratic Party government in Manitoba, all drivers were compelled to buy auto insurance policies from the government-established "Manitoba Public Insurance Corporation". This had a drastic impact on Wawanesa, since the company was the largest automobile insurer in the region. The company's income in Manitoba fell to one-third of what it had been a year earlier. This and other factors enforced Wawanesa to diversify its business. The board of directors decided to open a subsidiary company in the United States, and California looked as the most promising area for the new business.
A year later, Wawanesa opened a new office in San Diego, California. It was the right decision; the market was as large as Canadian. In the first month Wawanesa issued 102 policies and San Diego proved itself as the best possible choice. Over the next 20 years the local population increased in five times and Wawanesa was destined to grow with the region.
...
In 1996 Wawanesa celebrated its centenary. It is certain that stability and service, the values that have always been the backbone of Wawanesa, will continue to guide the company in its second century.
About the Author
Tim Baker is the founder the website, devoted to Wawanesa Insurance Company.
Return to Buy Insurance For Canada Online Now
Wawanesa Insurance Company is a Canadian insurer operating on insurance market for more than a hundred years. It is one of the largest property and casualty insurers in Canada. Wawanesa owns a subsidiary company - Wawanesa Life, which is also targeted at the Canadian insurance market. In the 1970's Wawanesa has expanded its operations and established another subsidiary company in the United States - Wawanesa General.
Nowadays, Wawanesa has 1.800 employees working in Canada and the United States and 1.300 insurance brokers working in Canadian insurance market. In 2005 the Company earned $1.5 billion and expanded its portfolio to three billion dollars. It is one of the most reliable insurers in Canada.
In the beginning
The story of Wawanesa begins in 1895 when Alonzo Fowler Kempton and Charles Kerr decided to establish an insurance company, which would be more efficient than the companies existed at the moment and consequently, could charge lower premiums. The idea was viable. Twenty local farmers liked the initiative and invested $20 each to finance the company. Thus, the company was born.
For the first few years Wawanesa Mutual Insurance Company experienced considerable losses, the fact that made it to diversify its coverage into a broader range of farm equipment and buildings, schools and churches. In addition, the company expanded its activity into new geographical areas - Saskatchewan and Alberta provinces. By the end of the century Wawanesa was protecting $1 million worth property. A few years later this figure grew to $20 million and in 1910 the company claimed to be "the largest Mutual Fire Insurance Company in Canada".
During the First World War the growth remained stable, and Wawanesa retained the name of a reliable company. In 1922 the company underwent a change in leadership. The new managing director, Charles Morley Vanstone was the man, who led Wawanesa Insurance through the hard times of the Great Depression.
Further growth
In 1926 Wawanesa offered its clients coverage on private buildings in towns and cities. In 1928 the company diversified its coverage more and issued the very first auto insurance policy. A year later Wawanesa was granted a Dominion of Canada charter, which meant the company could offer coverage throughout Canada. The years of the Great Depression had a little impact on Wawanesa. In fact the company strengthened and expanded during this period. It opened new branches in Montréal, Winnipeg, and Moncton within five years. While other businesses collapsed, Wawanesa prospered and before the Second World War Wawanesa had a reputation of a "straightforward organization, free from chicanery and all forms of trickery".
During the 1940's and 1950's, Wawanesa Insurance became known as an innovative company. For instance, the company offered low premiums to young British Columbians who completed either a Canadian Automobile Association approved driver course, or a high-school driving program.
In the early 1960's, the company opened its subsidiary - Wawanesa Life Insurance Company. For the next few years both companies grew steadily, however in the late 1960's the company faced a new challenge, which had a great influence on the company's future.
New expansion
After the 1969 election of a New Democratic Party government in Manitoba, all drivers were compelled to buy auto insurance policies from the government-established "Manitoba Public Insurance Corporation". This had a drastic impact on Wawanesa, since the company was the largest automobile insurer in the region. The company's income in Manitoba fell to one-third of what it had been a year earlier. This and other factors enforced Wawanesa to diversify its business. The board of directors decided to open a subsidiary company in the United States, and California looked as the most promising area for the new business.
A year later, Wawanesa opened a new office in San Diego, California. It was the right decision; the market was as large as Canadian. In the first month Wawanesa issued 102 policies and San Diego proved itself as the best possible choice. Over the next 20 years the local population increased in five times and Wawanesa was destined to grow with the region.
...
In 1996 Wawanesa celebrated its centenary. It is certain that stability and service, the values that have always been the backbone of Wawanesa, will continue to guide the company in its second century.
About the Author
Tim Baker is the founder the website, devoted to Wawanesa Insurance Company.
Return to Buy Insurance For Canada Online Now
Wednesday, May 3, 2006
Health Insurance For Visitors To Canada
Click here to Buy Travel Insurance For Visitors to British Columbia, Canada Online Now
To Buy Visitors To Canada Insurance is very important for people who are visiting Canada as tourists, students, and skilled workers or returned Canadians. It provides them with temporary emergency coverage. The new immigrants in some provinces need such health insurance too because they may be not covered in the first three months upon arrival to Canada. Such provinces are British Columbia, New Brunswick, Ontario, and Quebec.
The good news is that the new technology helps you to find appropriate travel to Canada insurance on-line as well as to buy it online too. Anyone is able to afford new medical coverage to avoid a financial risk to lose a lot of money on unpredictable treatment in case of medical emergency.
Different insurance company in Canada give you a wide list of options where you can choose the best option for your family and yourself. Unlike life insurance that should lasts for years you do not have to take cheapest option because you are paying just for short period of time. To simplify decision you may use the financial planning tools .
Return to Buy Insurance For Canada Online Now
If you are healthy and did not have pre-existing conditions you do not need medical exam too.
The opportunity to buy insurance on line saves you from the pressure from insurance agent. You won’t fill that insurance broker solicits you and call you at the time you just want to relax. You also can challenge the website to find out answers to all questions you may have. Of cause if you want you may call the broker to ask your questions directly.
So make your visit to Canada safe and happy!
Welcome to Canada!
Michael Arbetov, CFP, FMA
PS
If you are temporary unable to reach linked websites just click here to read more and buy it.
To Buy Visitors To Canada Insurance is very important for people who are visiting Canada as tourists, students, and skilled workers or returned Canadians. It provides them with temporary emergency coverage. The new immigrants in some provinces need such health insurance too because they may be not covered in the first three months upon arrival to Canada. Such provinces are British Columbia, New Brunswick, Ontario, and Quebec.
The good news is that the new technology helps you to find appropriate travel to Canada insurance on-line as well as to buy it online too. Anyone is able to afford new medical coverage to avoid a financial risk to lose a lot of money on unpredictable treatment in case of medical emergency.
Different insurance company in Canada give you a wide list of options where you can choose the best option for your family and yourself. Unlike life insurance that should lasts for years you do not have to take cheapest option because you are paying just for short period of time. To simplify decision you may use the financial planning tools .
Return to Buy Insurance For Canada Online Now
If you are healthy and did not have pre-existing conditions you do not need medical exam too.
The opportunity to buy insurance on line saves you from the pressure from insurance agent. You won’t fill that insurance broker solicits you and call you at the time you just want to relax. You also can challenge the website to find out answers to all questions you may have. Of cause if you want you may call the broker to ask your questions directly.
So make your visit to Canada safe and happy!
Welcome to Canada!
Michael Arbetov, CFP, FMA
PS
If you are temporary unable to reach linked websites just click here to read more and buy it.
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