What's going on in Individual Insurance and Investment

FINANCIAL UNDERWRITING REQUIREMENTS ARE NOW MORE COMPETITIVE!

We've updated the Financial underwriting requirements to better position ourselves in an increasingly competitive market.

The main changes are to the maximum amounts we'll consider, depending on the proposed insured's situation. No additional justification is required for the following increases:

• Child: from $250,000 to $500,000
• Post-secondary student: from $500,000 to $1,000,000

In addition, the instructions we've provided are now more specific, so you'll know what information is required for us to analyze insurance applications.

Calculating the proposed insured's income

Make sure to include or exclude the following amounts when calculating the income of the person you're offering insurance coverage.