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eBulletin: July 2, 2020
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Update to paramedical services

  • Dynacare has begun stage two of their reopening plan – in-home visits are expected to resume the first week of July (where permitted under provincial guidelines)
  • Your clients can now get in-home paramedical services from MediFast (where permitted under provincial guidelines)
  • Our vendors are continuing to look for ways to expand service options. Please don't change your cases to other vendors to speed up the process as your clients may be placed at the bottom of their list

Preliminary underwriting inquiries reopened

Secure delivery of paper insurance contracts

  • Use secure means to deliver an insurance paper contract to your client
  • Use trackable mail or courier to help prevent the contract from being lost and compromising the security of your client's sensitive information
  • When you deliver an e-contract, make sure to either send the paper version to head office or destroy it and document

Canada Life real estate fund property valuation has resumed

  • Canada Life has resumed the property valuation process for its real estate segregated fund while it remains temporarily suspended since March 2020
  • Starting immediately, one-third of the portfolio will be valued externally, with the balance of the portfolio (two-thirds) being valued internally each month
  • At the end of June 2020, your clients can expect to see the updated valuations reflected in the unit value
  • Learn more about the real estate fund and its property valuation process. You're welcome to take part in our next This week with Canada Life call. Registration for the call on July 8 is now live

GLC's Mid-Year 2020 Capital Market Outlook

  • Equity markets have embraced early signs of recovery as the economy has begun to heal
  • Economic indicators show early positive signs toward a new, different normal; but, it's still early days and knowing exactly what the 'new normal' will look like is nearly impossible
  • As economies re-open and societies adjust, after the euphoria of the initial first steps toward a return to normal fade, we expect lingering damage to consumer, business and investor behaviour and confidence
  • It's necessary to separate hope from strategy, and fundamentals from emotions. We're optimistic about achieving some of the better-case scenarios. Stock markets appear to be getting ahead of themselves, declaring victory when it's barely at half time in what will surely be a long game
  • GLC forecasts a low single-digit return for fixed income and a difficult path through year-end for equity markets

COVID-19: Helping you help your clients

  • We're committed to supporting you and your clients as we see growing concern over COVID-19
  • Check out our COVID-19 landing page with all the information and resources you need to navigate through these unprecedented conditions