Issue link: http://clhia.uberflip.com/i/395995
Life and Health Insurance in ALBERTA "Facts and Figures", 2014 Edition presents authoritative, factual information about life and health insurance in Alberta. For the first time, industry figures in this 2014 Edition include the business of fraternal benefit societies, provincial Blue Cross organizations and other not-for- profit health care benefit providers, in addition to insurance companies (life and property and casualty). Summary Alberta Canada ($millions) ($millions) Life Insurance Ownership (Life insurance coverage – End of 2013) Individual 315,401 2,370,425 Group 256,126 1,689,450 Total 571,527 4,059,875 Life Insurance Purchases (Life insurance coverage – During 2013) Individual 34,394 222,129 Group 17,520 119,305 Total 51,914 341,434 Premium Income Life insurance Individual 1,675 13,028 Group 884 4,215 Annuities Individual 982 12,730 Group 2,379 24,617 Health benefit plans Individual 525 3,685 Group (Insured) 2,394 20,284 Group (Uninsured*) 2,077 13,675 Total 10,916 92,234 Policy Payments Life insurance 1,098 7,838 Annuities 2,878 35,314 Health benefits Insured plans 1,620 16,955 Uninsured contracts* 1,981 12,971 Dividends to policyholders 356 3,096 Total 7,933 76,174 Investments of Life and Health Insurance Providers (End of 2013) 73,900 580,249 Health Insurance Coverage (Insured plans only) (Persons covered at end of 2013) (000) (000) Disability income 1,594 10,953 Extended health care 2,153 25,999 Dental care 1,611 15,351 *Includes uninsured employer sponsored contracts that are administered by life insurance companies and not-for-profit health care benefit providers such as provincial Blue Cross organizations