Annuities in Nunavut, Canada
Insurance Regulation, Government of Nunavut
The Government of Nunavut regulates the territory’s insurance industry through its Office of the Superintendent of Insurance in Iqaluit. Nunavut’s Insurance Act and associated regulations set out the legal framework that governs insurance in the territory. Nunavut’s Minister of Finance is responsible for this Act.
Insurers, agents, adjusters, brokers, salespeople and travel agents need to be licensed by Nunavut’s Superintendent of Insurance to sell insurance in Nunavut.
Nunavut Ranks 13th For Searches On Annuities
List of Canadian provinces and territories with the most searches on annuities are:
- British Columbia
- Nova Scotia
- New Brunswick
- Newfoundland and Labrador
- Prince Edward Island
- Northwest Territories
- Yukon Territory
*Source: 2017 Web traffic from LifeAnnuities.com. *Does not include searches for the french term rente.
Who Sells Annuities in Nunavut?
Life insurance companies do not sell annuities direct to the consumer. A life insurance agent or a independent life insurance broker are used to buy annuities.
Ideally it's in the annuitant's best interest to use an independent life insurance agent who specializes in annuities. An independent annuity broker will provide quotes from all the life insurance companies which you can then compare and choose the company with the best income.
Request An Annuity Quote
If your province or territory of residence is Nunavut, The Hughes Trustco Group (LifeAnnuities.com) will provide personal annuity quotes from all the life insurance companies.