Issue link: http://clhia.uberflip.com/i/578749
1 Life and Health Insurance in BRITISH COLUMBIA Canada's life and health insurance industry has a substantial impact on the well-being of the people of British Columbia. Summary British Columbia Canada ($millions) ($millions) Life Insurance Ownership (Life insurance coverage – End of 2014) Individual 327,225 2,471,899 Group 192,676 1,723,593 Total 519,901 4,195,492 Life Insurance Purchases (Life insurance coverage – During 2014) Individual 29,917 221,480 Group 11,565 96,480 Total 41,482 317,960 Premium Income Life insurance Individual 2,251 13,838 Group 724 4,275 Annuities Individual 1,995 14,606 Group 3,476 27,921 Health benefit plans Individual 533 3,858 Group (Insured) 2,154 20,586 Group (Uninsured*) 2,084 14,287 Total 13,217 99,371 Policy Payments Life insurance 1,189 8,580 Annuities 4,253 41,503 Health benefits Insured plans 1,663 17,375 Uninsured contracts* 1,976 13,542 Dividends to policyholders 367 2,523 Total 9,448 83,523 Investments of Life and Health Insurance Providers (End of 2014) 77,118 642,509 Health Insurance Coverage (Insured plans only) (Persons covered at end of 2014) (000) (000) Disability income 1,111 11,042 Extended health care 2,235 26,961 Dental care 1,654 15,603 *Includes uninsured contracts administered by life and health insurance providers