eBulletin: Oct. 9, 2012 - Important Product/Rates Change Announcements

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Thank you for doing business with Canada Life. Here’s the latest issue of the eBulletin from Canada Life with information to help you in your business with us. 

In this week’s issue:

1.      Lifetime income benefit option updates

·       Lifetime income benefit option modified payout percentages and deferral bonus

·       Policies with the lifetime income benefit already selected are not affected

·       Questions-and-answers document

2.      Advance notice of rate changes to be announced in late October

·       Changes coming soon to critical illness insurance

3.      What you need to know – Canada Life individual insurance process changes

·       Combined underwriting for critical illness and life insurance cases – launching October 1

·       Evidence is no longer required for the disability lump sum benefit when converting to universal life insurance

·       New tool to help you with occupation details on applications

4.      Commission schedules updated

·       Reflect new chargeback period for advisor-owned participating life insurance policies

·       Available on RepNet

5.      Systems migration – summary of systems affected

·       Weekend outages begin Oct. 12

·       Summary of outages, Oct-Dec. 2012

6.      Get the latest edition of Newslink: October 2012