Annuities in Northwest Territories
Insurance Licensing and Regulation, Government of NT
The Office of the Superintendent of Insurance (“OSI”) supervises and regulates the business of insurance in the Northwest Territories and enforces the Insurance Act. This includes both life and health, and property and casualty insurance in the Northwest Territories.
Any person who carries on the business of an insurance company, agent, adjuster, or salesperson in the Northwest Territories, whether or not that person is resident of the Territory, must have a valid license.
Northwest Territories Ranks 11th 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 Northwest Territories?
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 Northwest Territories, The Hughes Trustco Group (LifeAnnuities.com) will provide personal annuity quotes from all the life insurance companies.