TORONTO, Nov. 26, 2013 /CNW/ - The life and health insurance industry is
committed to doing its part in helping to increase the financial
literacy of Canadians by making access to consumer information on the
industry's products and services as easy and convenient as possible.
"A complete financial toolkit includes life and health insurance
products and we wanted to make sure that Canadians can literally have
this information at their fingertips whether they're at home, on the
way to an appointment with their financial advisor, or wintering in
Florida," said CLHIA's President Frank Swedlove.
With Canadians being amongst the earliest adopters of new technologies,
the Association has modernized its full suite of consumer brochures --
topics include: life insurance, supplementary health insurance,
disability insurance, long-term care insurance, segregated funds and
others -- so that they are now also accessible on mobile devices. These
resources are available on the Canadian Life and Health Insurance
Association's website at www.clhia.ca.
One relatively new resource that has proven to be extremely valuable is
the CLHIA's Virtual Shoebox Guide. Since it was launched by the
Association two years ago, Canadians have downloaded this on-line tool
that helps keep track of personal and financial documents and related
information more than 17,000 times. "We hear that Canadians love this
tool. They can get all their financial information organized in one
place. And if they pass away or can no longer look after their
financial affairs, it's so much easier for a loved one to step in",
added Mr. Swedlove.
About the CLHIA
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. The industry provides a wide range of financial security
products such as life insurance, annuities (including RRSPs, RRIFs and
pensions) and supplementary health insurance to almost 27 million
Canadians. It also holds close to $615 billion of assets in Canada and
employs about 142,600 Canadians.
SOURCE: Canadian Life and Health Insurance Association Inc.
For further information:
Wendy Hope, Vice President, External Relations (613) 230-0031