1. 2007 Annual Meeting ● Assemblée annuelle 2007 Vancouver
Canadian
Institute of
Actuaries
L’Institut canadien
des
actuaires
2007 Annual Meeting ● Assemblée annuelle 2007
Vancouver

2. IP12: Living Benefits - Hot Topics
Moderator
Martin Fortier
Speakers
Alethea A. Lyn
Nathalie Tremblay
Frédéric Jacques
Assemblée annuelle 2007
2007 Annual Meeting

3. Agenda Critical Illness Insurance (CII)
Long Term Care Insurance (LTCI)
Disability Income Insurance (DII)
Assemblée annuelle 2007
2007 Annual Meeting

4. CII sales trend Assemblée annuelle 2007 2007 Annual Meeting
Source: Canadian Individual Critical Illness Insurance Survey, LIMRA International

5. CII – hot topics experience study group standardized definitions
guaranteed rates
underwriting time and high proportion of declines
lack of consumer awareness (CII & LTCI)
Assemblée annuelle 2007
2007 Annual Meeting

6. LTCI sales trend Assemblée annuelle 2007 2007 Annual Meeting
At the end of 2006, approximately 56,000 Canadians had LTCI
Assemblée annuelle 2007
2007 Annual Meeting
Source: LIMRA International

7. LTCI – hot topics experience and learning from a recent market entry
underwriting and high proportion of declines
Assemblée annuelle 2007
2007 Annual Meeting

8. DII sales trend Assemblée annuelle 2007 2007 Annual Meeting
Source: Canadian Individual Disability Income Insurance Sales, U.S. Individual Disability Income Insurance Sales,
LIMRA International

9. DII – hot topic Flat sales experienced in recent years
Assemblée annuelle 2007
2007 Annual Meeting