Almost $200 million paid out to CLICO EFPA contract owners

Government has to date made approximately $195.5 million in payments to CLICO and BAT Executive Flexible Premium Annuity (EFPA) contract owners with contracts valued at $75,00 or less. This represents payments to 6207 persons. Over 80% of persons have chosen to have their payments deposited directly into their bank accounts and this has happened successfully. […]