Independent Brokers Celebrate BMO Purchase of AIG Life of Canada
Independent brokers give a big thumbs up to Bank of Montreal purchase of AIG Life Insurance. Since the bailout of the American insurance giant in September, there has been a cloud over Canadian policy holders and on sales of new AIG policies but that cloud is set to lift. "AIG used to be one of our top sellers," says Lorne S. Marr, a top Canadian life insurance broker based in Markham, Ontario. "But since the bailout, despite their advertising, AIG sales are way down. The AIG policies are absolutely superb so I hope the Bank of Montreal keeps them on. BMO has promised us to maintain the broker network - we are one of the main assets they are buying so they should - so I look forward to being able to offer these same policies but backed by the Bank of Montreal." 2009-01-15 |