Desjardins to end sales of LTC insurance [Investment Executive - News]
Sun Life Financial Inc. (SLF)
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Source: Investment Executive - News
Products The news follows Manulife’s announcement early last month that it would discontinue new sales of LTC insurance as of the end of November By Megan Harman | December 11, 2017 13:10 Companies cited in this article Desjardins Financial Security More Lévis, Que.-based Desjardins Financial Security Life Assurance Co. (a.k.a. Desjardins Insurance) will discontinue new sales of its stand-alone long-term care (LTC) insurance product next year, the company has revealed. Desjardins will cease new sales of its Independent Living product effective June 15, 2018. The company is working to develop a new alternative solution for clients, according to company spokesman Jacques Bouchard. In the meantime, Desjardins will continue to offer Life with LTC Advance — a hybrid life insurance product that enables policyholders to access a portion of the life insurance policy's death benefit
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