Helping Canadians understand life and health insurance: CLHIA

TORONTO, Aug. 25 2009 – Today, the Canadian Life and Health Insurance Association (CLHIA) released on its website a new version of its popular brochure on disability insurance. This is the sixth in a series of brochures focused on helping consumers understand life and health insurance products and services.

“The life and health insurance industry is committed to promoting financial literacy in Canada,” said Frank Swedlove, CLHIA’s president. “These plain language brochures will help Canadian consumers navigate their way through the ever-growing range of products and services offered by life and health insurance companies,” he added.

The CLHIA’s series of consumer brochures covers: life insurance; supplementary health insurance; disability insurance; travel health insurance; segregated fund contracts; and the coordination of benefits. They are available at the CLHIA’s website at http://www.clhia.ca/e7_2.htm. A limited number of printed brochures are also available through the CLHIA and consumers may call 416-777-2221 or submit a web enquiry to request copies. The Association will continue to produce brochures on other industry products and services in the months ahead.

The Canadian life and health insurance industry provides a wide range of financial security products, including life insurance, annuities (including RRSPs, RRIFs and pensions) and supplementary health insurance, to about 26 million Canadians and their dependants. Established in 1894, the CLHIA is a voluntary association whose member companies account for 99 per cent of Canada’s life and health insurance business. http://www.clhia.ca.

About this survey

These are the findings of an RBC Insurance/Ipsos Reid survey conducted through Ipsos Reid�s telephone omnibus, August 28 to August 30 and September 6 to September 9, 2007. The poll was based on a randomly selected sample of 2,002 adult Canadians who were interviewed by telephone. With a sample of this size, the results are considered accurate to within �2.19 percentage points, 95 times out of 100, of what they would have been had the entire adult Canadian population been polled. The margin of error will be larger within regions and for other sub-groupings of the survey population. The data was statistically weighted to ensure the sample�s regional and age/sex composition reflects that of the actual Canadian population according to the 2001 Census data.