Increase in life insurance premiums

[blindsight]

.

[speedog]

☐ Trudeau
☐ Notley
☐ Nenshi
☑ Cycle tracks

Has to be the reason.

[ExtraSlow]

Maybe look at term life insurance?

[blindsight]

.

[skandalouz_08]

Originally posted by blindsight
We've had a universal life insurance policy since we bought our first home about 14 years ago. Received a letter in the mail this week that our premiums might rise due to increased taxes.

Want to blame NDP, but the timing doesn't look right :thumbsdow

I guess it's only 1%, but it's one tax hike among many.

Hard to get ahead these days. :banghead:

This is due to the NDP and their first budget tabled in October 2015. Here's the article that states it: http://www.pwc.com/ca/en/services/tax/budgets/2015/alberta-budget-october.html

You'll have to scroll down to the "Insurance Premium Tax" portion to see it. I believe the Conservatives first tabled it and because they lost the election NDP decided to keep it in their budget.