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      "text": "Manulife argues that since the Great Depression, the regulation of financial services in Canada has been regulated by the 'Four Pillars' model.",
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      "text": "Life insurance is subject to special regulatory treatment. Manulife argues that since the Great Depression, the regulation of financial services in Canada has been regulated by the “Four Pillars” model.",
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      "text": "Mosten’s plan runs contrary to the long-established purpose of life insurance and the nature of insurance contract. Manulife argues that the purpose of “life insurance” is to insure “mortality risk”.",
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      "text": "Manulife argues that the “securitization” of insurance policies is illegal “trafficking.” “Trafficking” is commonly defined as the practice of buying insurance policies from the owners at discounts and holding them in hopes of making a profit upon the insureds’ deaths.",
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