Wilman Financial Inc.

Not even the mighty insurers are escaping this tough environment of COVID-19 and low interest rates. Sun Life is increasing rates on some of it's life and living benefits products (see article below).

What's more interesting is that other insurers (I won't name names here) are actually DROPPING rates on some life insurance products. It just goes to show you that it's a good idea to deal with a broker who can work with multiple insurers.

Sun Life raises some premiums, highlighting challenges of low interest rates for insurers Insurers are facing higher payouts on insurance policies due to the outbreak, while market volatility and plunging yields threaten investment losses

Hi all!
Be sure to check your group benefits package to see if they provide virtual care services as described in the article below. It's a great feature to take advantage of during these times of COVID 19 physical distancing!

Insurance companies predict changes to virtual care after COVID-19 TORONTO — When COVID-19 started spreading through Canada, the president of one of the country’s largest insurance companies was thinking about mothers who have to tote kids to a waiting room and keep them entertained for hours just to see a doctor.Sun Life Canada president Jacques Goulet knew hi...

Hi everyone!
Two Canadian insurers just announced they will not be paying out travel insurance claims for trip cancellations due to coronavirus. Further, one other Canadian insurer, through an email to brokers, indicated they are postponing life insurance applications submitted for recent travellers to/from China and Hong Kong!

If you are thinking of securing protection for your family with life insurance, NOW is the time to do it before the insurance companies put in a whole bunch of additional restrictions due to COVID-19 on new life insurance applications.
Please message me if you have questions!
Arthur Wilman

2 Canadian insurance companies stop covering coronavirus-related trip cancellations | CBC News Two major Canadian travel insurance providers — Manulife and TuGo — will no longer cover new customers who need to cancel their trips due to the coronavirus outbreak.

https://globalnews.ca/news/3488311/mortgage-life-insurance-canada/

Hi all! This is an example of why you should NOT buy mortgage life insurance from the bank. DM me if you have any questions or wish to discuss your life insurance needs!

Banks sell mortgage insurance, but independent experts say you shouldn’t buy it Consider life insurance instead