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

Strategy & planning, Life Insurance, Direct Life Insurance Carriers, Ontario, Article, Megacorp. Insurance Agencies Inc.

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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.

Canada, Financial management, Mutual Fund Mgmt Companies, Portfolio Management, Mutual funds, YMG Capital Management Group Inc.

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