Too many Canadians overlook a critical aspect of their financial plan: life insurance. We know the number of households that own individual life insurance policies is falling, but the reality is that 33 per cent of families would be in immediate financial trouble if something were to happen to their primary breadwinner.
Doug Baker has been the President and CEO of Teachers Life since April 1, 2006. He served on the Board of Teachers Life for 17 years prior to his appointment. He has spent most of his career in education. Doug currently serves on the Board of the American Fraternal Alliance and is a member of the Government Relations Committee of the Canadian Life and Health Insurance Association (CLHIA) and former Board member. Doug is also the Immediate Past Chair of the Life Insurers Council (LIC), a council of LOMA. Founded in 1939 by educators, Teachers Life offers a full suite of personal insurance products to address the unique needs of over 30,000 members of the education community.
The current process has all the hallmarks of other industries that have been severely disrupted: centrally controlled by a head office, highly regulated, lacking transparency, subject to byzantine rules, and a lot of process friction from start to finish. There is nothing close to "online," "real time" or "customizable" about it.
10/30/2015 06:06 EDT
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