Do you have enough insurance? Most Canadians would like to think so – but in our recent social media poll, only 34.8% of respondents were confident with their coverage. Life insurance is like an airbag – you really hope you won’t ever have to use it other than to provide peace of mind to your loved ones. But unplanned disability or illness can derail even the best laid plans.
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?
Benefits fraud, when employees make false claims of medical services, can cost empoyers millions – and raise premiums for everyone else.