MTHEL131 Lecture Notes - Lecture 2: Investment Banking, The Great-West Life Assurance Company, Employee Benefits
14 Oct 2018
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Estate of an individual: their asset and their debt. Will: a set of instructions pointing out who gets your stuff (estate). When people are alive, they will have a will. When you pass away, the executor will administrate your estate. Hopefully, the asset is enough to pay off the debt and the rest will be distributed to the beneficiaries based on the will. Another equally important advantages, estate may take forever to redistribute (e. g. a house), but life insurance proceeds are fully paid off within 30-60 days. Life and health industry 2018 overview: offers a wide range of financial security products: Investment: gics (guaranteed investment certificates, life annuities, segregated funds, mortgages. Government long-term canadian bond (government bonds), sold to the public to raise funds for research/government use. Institutional investors: mutual funds, investment banks, pension funds, life and health insurance companies major players to purchase government bonds. *higher credit = lower interest, and vice versa.
