Issue link: http://clhia.uberflip.com/i/578791
1 Life and Health Insurance in NOVA SCOTIA Canada's life and health insurance industry has a substantial impact on the well-being of the people of Nova Scotia. Summary Nova Scotia Canada ($millions) ($millions) Life Insurance Ownership (Life insurance coverage – End of 2014) Individual 45,418 2,471,899 Group 49,626 1,723,593 Total 95,044 4,195,492 Life Insurance Purchases (Life insurance coverage – During 2014) Individual 3,920 221,480 Group 2,477 96,480 Total 6,397 317,960 Premium Income Life insurance Individual 329 13,838 Group 206 4,275 Annuities Individual 298 14,606 Group 557 27,921 Health benefit plans Individual 100 3,858 Group (Insured) 507 20,586 Group (Uninsured*) 533 14,287 Total 2,530 99,371 Policy Payments Life insurance 281 8,580 Annuities 968 41,503 Health benefits Insured plans 377 17,375 Uninsured contracts* 508 13,542 Dividends to policyholders 95 2,523 Total 2,229 83,523 Investments of Life and Health Insurance Providers (End of 2014) 17,676 642,509 Health Insurance Coverage (Insured plans only) (Persons covered at end of 2014) (000) (000) Disability income 236 11,042 Extended health care 551 26,961 Dental care 307 15,603 *Includes uninsured contracts administered by life and health insurance providers