CLHIA-ACCAP

Canadian Life and Health Insurance Facts, 2014 Edition

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9 Group life insurance Group insurance purchases made up 35 per cent of the 2013 total. New contracts, including transfers of coverage from one insurer to another (which shows some volatility from year to year), account for the majority (about 90 per cent) of the group insurance purchased, while increases in coverage under existing contracts make up the remainder. The provision of more group insurance under existing benefit schedules to a worker receiving more pay is not classified as a new purchase. Life Insurance Purchases by Region – 2013 Sources: OSFI, CLHIA 38.8% 20.6% 22.2% 13.6% 4.8% 41.1% 17.4% 22.2% 12.2% 7.1% (per cent of coverage) (per cent of coverage)

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