MTHEL131 Lecture Notes - Lecture 2: The Great-West Life Assurance Company, Financial Independence, Procrastination
19 Oct 2016
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Document Summary
Life and health insurance industry offers a wide range of products. Industry provides some form of protection to nearly 30 million canadians [last year made payments of . 1 billion in benefits every week 90% made to the living (disability checks, annuity payments policy dividend payments, health insurance payments)] Government of canada bond/ government of canada long term bond [government print out i owe. Other countries buy the bonds because they are guaranteed to be paid back. Higher risk countries use high interest rates to make bonds more attractive. Institutional investors [banks (from savings account), pension fund] would also buy bonds. Life and health industry plays a very important role in meeting the financing needs of all levels of government in canada. Provinces, cities need to offer a little higher interest rates to make their bonds attractive. The canadian life and health industry is financially strong in all types of economies. Canadian life and health has been internationally successful.
