February 2012 extras
Long-term products in turmoil
Economists unanimously agree that long-term interest rates will stay low for the next two years. This bodes ill for insurance products with long-term guarantees. Prices are rising all over. Equitable Life raised the price of its level cost universal life insurance product Equation Generation IV & EquiLife Limited Pay on […]
Regulation: MGAs must mobilize to be heard
If they do not want to be considered an anomaly in today’s regulatory environment, managing general agents must work together and speak with one voice to express their concerns. That is the conclusion a number of managing general agents reached when they met at The Insurance and Investment Convention held […]
Desjardins revamps Chorus portfolios
When they changed from Chorus to Chorus II at the end of the year, the number of Desjardins’ investment portfolios for wealthy clients decreased from 18 to 6. “This major change is because we wanted to simplify our offering,” says Éric Landry, senior director of specialized savings products at Desjardins. […]
