COVER STORY
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HOTLIST Life Health Professional spotlights 20 of the industry’s most inspiring and enigmatic figures
LIFE & HEALTH insurance is an industry that is continually growing in scale and importance in Canada. According to the Canadian Life and Health Insurance Association, the sector accounts for $720 billion in assets nationwide and serves 28 million Canadians – a number that is likely to grow as an aging population starts to consider the long-term benefits of insurance. Insurance products are becoming increasingly attractive as investments, too, especially in this period of higher taxes. Taking all this into account, conditions are ideal for advisors in the space to prosper. That said, the industry is not without its problems, as a number of the members of this year’s Hot List readily admit.
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Many feel standards for advisors could be higher to maintain the credibility of the profession. Others suggested the need for a sole national regulator, pointing out that the current disjointed system of various regulatory bodies leaves too much room for error. Regardless, the vast majority of Canada’s advisors are a credit to the profession, and this list is a microcosm of that fact. Those selected have made a big impression over the past year, whether with one of the industry’s giants or a smaller independent firm. What unites them is a commitment to maintaining and building this industry, whatever position they may hold on the totem pole.