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-0.000394114555964282 -0.000262743037309459 -0.000919600630583387 0.000656857593273741 0.00210194429847605 0.00210194429847605 0.00157645822385713 0.00315291644771407
Stock impact report

Opinion: Insurers need to call the same riders by the same names [Advisor.ca (Canada)]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
Company Research Source: Advisor.ca
Good luck with that. What Nissan calls ProPilot Assist, Subaru calls EyeSight, Toyota calls Dynamic Radar Cruise Control and Hyundai and Kia calls Smart Driving Assist. Our life insurance industry has the same issue. I was excited to be given the insurance beat after passing the life licence qualification program (LLQP) exam a few years ago. One thing still annoys me though — rider names. They're neither intuitive nor consistent across the industry. Take the paid-up addition (PUA) rider, which allows policyholders to buy small amounts of additional permanent coverage with lump-sum payments during the lifetime of a whole or universal life policy. The Canadian Insurance Services Regulatory Organizations' (CISRO) own LLQP textbook calls these PUA riders. There's also a PUA dividend option, which allows the consumer to buy additional coverage with their dividends. That makes perfect sense if you work in the industry. Not so much if you make your living anywhere else. Enter the m Show less Read more
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