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)
