May 28, 2020 |
NEW Additional Deposit Option (ADO) for Participating Whole Life Plans |
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We are pleased to announce that a new Additional Deposit Option is now available for eligible EstateMax and Optimax Wealth 10 Pay, 20 Pay and Life Pay plans when selecting Paid-Up Additions or Enhanced Coverage dividend options. This new rider will enable clients to make voluntary additional deposits to their participating life insurance plans. Those additional deposits will be used to purchase Paid-Up Additions over and above the Paid-Up Additions purchased with their annual policy dividends (subject to annual and lifetime ADO deposit maximums). Visit our participating life insurance webpage for highlights including new and updated marketing materials, including a new how-to video on illustrating with ADO. You can also read more details about this new feature in the Information Circular, including plan eligibility and transition rules. |
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Keeping you informed – Investment Team COVID-19 update
Find out more about the Investment Team’s views on the impact of recent events in the market and how the funds are positioned going forward. | ||||
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No Fluid/Non-Medical Limit increase to $250,000 for Individual Critical Illness Products
Effective May 11, 2020, Empire Life raised the limit for No Fluid/Non-Medical underwriting for our critical illness insurance as follows: · Ages 18 to 40 up to $250,000 · Ages 41 to 50 up to $99,999 · Ages 51+ - standard UW requirements apply (e.g. PHI & Vitals, BP) This is being implemented on a temporary basis in response to the COVID-19 pandemic and the need to provide solutions for customers that also support physical distancing and stay at home directives across Canada Visit our Retail Advisor Updates page for all of the latest COVID-19 updates. | ||||
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Access the Class Plus 3.0 Illustrator from My Advisor Dashboard
The Class Plus 3.0 Illustrator has now been added to the Quick Links menu on My Advisor Dashboard. Now it's easier than ever to find all the tools you need in one place. Not using My Advisor Dashboard yet? | ||||
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Earn up to 15% More FYC vs. Paper with eHQ and ePolicy Delivery in the Fast & Full® Life App
Until June 30, 2020 you can earn up to 15% more FYC when you submit Life and Health applications electronically using the award winning Fast & Full Life App. You’ll still earn 10% more FYC just for using Fast & Full and now you can earn an additional 5% more if you select both the Electronic Health Questionnaire (eHQ) and the ePolicy Delivery options when completing your application. 1The additional FYC is bonusable. Available on all life insurance products and applications using the Fast and Full Application. This promotion can be withdrawn by Empire Life at any time. | ||||
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Suspicious Transaction Reporting
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has updated their timing for reporting Suspicious Transactions from "30 days" to "as soon as practicable". This change comes into effect on June 1, 2020. | ||||
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New T2033 seg fund transfer form – with non-face-to-face option – can be completed in less than 5 minutes!
Our Online Additional Seg Fund Deposit Form is suitable for non-face-to-face client meetings. It’s pre-filled with owner information and fund codes and no paperwork or cheques are required. You can make a range of deposits and transfers with it. | ||||
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Did you know that our Fund Facts have been updated?
Some of our Fund Facts documents have been updated with financial data as at December 31, 2019. The following are now posted on our web site: · Empire Life GIF 75/75, GIF 75/100, GIF 100/100 (INV-941) The following will be available next week: · Option Plus Group RSP Segregated Fund Highlights (GP-0039) Fund Facts for the Empire Life GIF 75/75, GIF 75/100, GIF 100/100 and Class Plus 3.0 will be available in print later this month; please destroy existing stock and reorder. The Option Plus Group RSP Segregated Fund Highlights continues to be available through Print on Demand. Updated Fund Facts for discontinued products will be available on our website soon; look for an update in upcoming issues of Insight. | ||||
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UPDATED: Trilogy statements for advisors now available via My Advisor Dashboard
Advisor copies of Trilogy Universal Life Statements are now available electronically via your My Advisor Dashboard. This change will ensure that you continue to have access to the most up to date information about your clients’ Trilogy Universal Life Insurance policies, even though you will no longer receive copies of statements in the mail. Please note that your clients will continue to receive their statements by mail. | ||||
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Address Changes and protecting our clients' personal information
Updating a client’s address correctly is a cornerstone in protecting their personal information from unauthorized parties. One small error in the client’s unit number or postal code can potentially cause significant harm to a client if their tax slip or policy contract is sent to and opened by the wrong recipient. Please help us meet our mutual privacy commitment to our customers by double-checking any address change data you share with us no matter what the method. Also, to reduce the risk of paper mailings, please encourage your clients to sign up for the online portal to retrieve e-statements. | ||||
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Empire Life announces first quarter 2020 results
We announced our first quarter 2020 results. | ||||
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Emblem Asset Allocation Update – April 29, 2020
Download the latest asset allocation update for Emblem GIF Global Portfolios. | ||||
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Positioning Empire Life Dividend Growth Fund during COVID-19 and beyond
Find out how Doug Cooper is positioning the Empire Life Dividend Growth Fund during COVID-19 in this Off the Cuff video. |
