A proposed deal for insurance giant Manulife Financial to acquire competitor Standard Life in a $4-billion deal would help the insurer expand its core business, and grab a larger share of the Quebec market. But what would an acquisition mean for Standard Life insurance customers? Will they see their coverage change, and options decrease?
The concept of insurance is simple – pay a little bit now and know you and your family will be financially covered later on. But what if you’re already sick, living with a chronic condition, or discover you’ve somehow voided your coverage? This week’s Money Wise guide is all about the insurance questions you were afraid to ask.
A new TD study found that many Canadians aren’t asking the right insurance questions, choosing to guess at what their policies really protect. Here’s how to ensure you’re really covered.