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3 reasons why 2017 won’t be typical for life insurance.

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New taxation rules slow down life insurance product introductions in 2017.

As the end of the year arrives and, with it, the new taxation rules for life insurance, we are starting to receive information on the new life insurance products.

The reasons for the carriers’ slow introduction of new products:

#1. New life insurance tax rules (effective January 1, 2017) were introduced in 2016 to reflect current mortality rates and heightened requirements by the regulators for standardization across insurers and products. These rules replace the current and more favourable tax rules, and have created a tremendous […]

UPDATE: BC MSP Premium Changes Arriving in 2017

With a bold headline, Strong economy pays dividends, the BC Provincial Government announced on September 15, 2016, that it would be scrapping the proposed 4% BC MSP premium rate increase that it had announced earlier this year.

“B.C.’s strong economic growth and better-than-forecast revenues” are Finance Minister Mike de Jong’s reasons for the government’s decision to scrap the premium increase and to deliver “dividends” to British Columbians.

Who doesn’t benefit from the reversal of the 4% BC MSP premium increase?

As we wrote in April of this year, changes […]