Canadian life and health insurance industry welcomes Financial Literacy Leader

TORONTO, April 15, 2014 /CNW/ - The Canadian life and health insurance industry welcomes today's announcement of the new Financial Literacy Leader.

The life and health insurance industry believes that Jane Rooney, as Canada's new Financial Literacy Leader, has a crucial role to play in coordinating national efforts to improve the financial literacy of Canadians.  "Providing Canadians with the right knowledge and tools will help them to take control of their financial destinies", says Frank Swedlove, President of the Canadian Life and Health Insurance Association (CLHIA). "The life and health insurance industry looks forward to working with Ms. Rooney and to supporting her initiatives towards strengthening the financial literacy of Canadians."

About the CLHIA

Established in 1894, the CLHIA is a voluntary association whose member companies account for 99 per cent of Canada's life and health insurance business. The industry provides a wide range of financial security products such as life insurance, annuities (including RRSPs, RRIFs and pensions) and supplementary health insurance to 27 million Canadians. It also holds close to $615 billion of assets in Canada and employs about 142,600 Canadians.

SOURCE: Canadian Life and Health Insurance Association Inc.

Wendy Hope, Vice President, External Relations, [phone]