Issue link: http://clhia.uberflip.com/i/578746
1 Life and Health Insurance in ALBERTA Canada's life and health insurance industry has a substantial impact on the well-being of the people of Alberta. Summary Alberta Canada ($millions) ($millions) Life Insurance Ownership (Life insurance coverage – End of 2014) Individual 335,684 2,471,899 Group 263,777 1,723,593 Total 599,461 4,195,492 Life Insurance Purchases (Life insurance coverage – During 2014) Individual 36,378 221,480 Group 14,258 96,480 Total 50,636 317,960 Premium Income Life insurance Individual 1,861 13,838 Group 923 4,275 Annuities Individual 1,265 14,606 Group 2,278 27,921 Health benefit plans Individual 562 3,858 Group (Insured) 2,505 20,586 Group (Uninsured*) 2,238 14,287 Total 11,632 99,371 Policy Payments Life insurance 1,401 8,580 Annuities 3,260 41,503 Health benefits Insured plans 1,689 17,375 Uninsured contracts* 2,134 13,542 Dividends to policyholders 324 2,523 Total 8,808 83,523 Investments of Life and Health Insurance Providers (End of 2014) 81,167 642,509 Health Insurance Coverage (Insured plans only) (Persons covered at end of 2014) (000) (000) Disability income 1,643 11,042 Extended health care 2,351 26,961 Dental care 1,798 15,603 *Includes uninsured contracts administered by life and health insurance providers