Term-to-100 insurance rates rising
Article Abstract:
Megacorp. Insurance Agencies Inc., headquartered in Mississauga, Ontario, has expressed concern that term-to-100 insurance premium rates are likely to increase in the coming months. The insurance services provider maintains that rates for this particular type of insurance product will rise sharply as more insurers follow the example set by Westbury Canadian Life Insurance Co. and Commercial Union Life Insurance Co. of Canada, which have proceeded with a rate increase. Term-to-100 insurance packages are sold mainly to preserve estates upon death.
Comment:
Has expressed concern that term-to-100 insurance premium rates are likely to increase in coming months
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Investors Group fund jumps into cash
Article Abstract:
YMG Capital Management Group Inc of Toronto, Ontario, has raised the cash cash component of its Investors Group Allocation Fund to 35% and sold all its bonds. The fund is betting that cash will outperform bonds, with rising interest rates causing a selloff of bonds and stocks. The Fund has reduced its exposure to stocks to 66% of the portfolio, with Canadian securities accounting for 42% of the 66%. The fund's largest foreign exposures are the US and Japan at 11.3 and 5.1%, respectively.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: A challenge in the streets: popular anger is rising over the plan for Euopean unity. Eurobashing: British anger grows with closer European ties
- Abstracts: Titans at the altar: two financial giants link up with new partners. How Power trumped the Royal Bank (Power Corp.'s acquisition of London Insurance Group) (The Nation's Business) (Column)
- Abstracts: ADM fined $16-million in price-fix case. Pension crisis fears deepen as US Air seeks to skip contributions. Banks to pay record fine in U.S. mutual fund scandal
- Abstracts: Networks take step to replace Nielsens. Radio broadcaster ventures into TV. GM, Chrysler shift flights to low-fare carrier ProAir
- Abstracts: Drabinsky wins Livent injunction. Fund companies write down their investments in Livent. Cinram founder's pay jumped 15% in '97