There are many reasons for mistrust in society.

When you buy life insurance, you are protected in many ways.

• Federal Regulators
• Provincial Regulators
• Consumer Protection Plan
• Advisor Malpractice Insurance

Your advisor has liability to you.

Federal Regulators

The Office of the Superintendent of Financial Institutions (OSFI) actively monitors the solvency of federally-regulated insurance companies and reinsurers.

Provincial Regulators

• Insurance Ombudsman to help settle disputes
• set policy terms and conditions through the Uniform Life Insurance Act for contractual protection
• license insurance agents
• supervise provincially-regulated insurers

Consumer Protection Plan

Your benefits are protected by Assuris up to certain limits

• like Canadian Deposit Insurance Corporation (CDIC) for your bank deposits

Advisor Malpractice Insurance

Advisors must have Errors & Omissions (O&E) insurance to provide financial compensation in the event of misconduct.