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Insurance & Investments Simple. Fast. Easy.® |
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May 2, 2023 |
Off the cuff with Ashley Misquitta |
In this Off the Cuff video, Ashley Misquitta, CFA, Senior Portfolio Manager and Investment Strategist, shares what it will take for the economy to transition from fossil fuel to more renewable energy-based resources, and where the team sees potential investment opportunities. |
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Inforce Business Opportunities - NEW: Expiring Child Rider Conversions |
This new report in the Inforce Business Opportunities section on My Advisor Dashboard provides a list of policies with child riders whose coverage expires within the next three months, making it easier to discuss options with your clients. Within 60 days before the policy anniversary nearest their 21st birthday, each insured child can purchase an eligible permanent life insurance policy with a coverage amount of up to four times the sum insured under the Children's Life Rider. Log in to My Advisor Dashboard to check your Inforce Business Opportunities. |
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Did you know? For Juvenile policies, only a parent or legal guardian of a child under 18 can sign the application and complete the eHQ or PHI. |
When considering a Kid Start strategy for your client, a parent or grandparent can apply for a juvenile life insurance policy on their child or grandchild. For any juvenile life applications, only a parent or legal guardian of a child under 18 can sign the application and complete the eHQ or PHI.
A legal guardian or parent is responsible for making decisions on behalf of a minor and acts in the best interests of the child, ensuring their safety and welfare. When a parent is not the legal guardian, there is often someone appointed by the court that is qualified to be the guardian of the child. Applications that do not follow this process will need to be resubmitted with the legal guardian signing the application and completing the eHQ or PHI.
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New, shorter underwriting questions for a better customer experience in Fast & Full® |
On April 13, 2023, Empire Life announced that we made improvements to our electronic health questionnaire within our popular Fast & Full Life application. These new enhancements will improve the overall user experience of the eHQ. We have reduced the number of reflexive questions by 40% and the questions will be asked in more client-friendly, straightforward language. For all details including a full list of changes, please see the Information Circular.
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Enhanced Term Exchange Program adds even more flexibility |
Policy owners with a Solution 10/15/20/ART coverage can now exchange their term for a new longer-term coverage within the first seven years following the original issue date of the policy.
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Purchase fee option changes on certain Empire Life segregated funds |
In anticipation of upcoming regulatory changes, Empire Life will stop offering the low load (LL) and deferred sales charge (DSC) purchase fee options in most segregated fund contracts. As of May 29, 2023, the DSC and LL purchase options for these contracts will be closed to all purchases.
An advisor FAQ has been prepared to provide additional information, and we'll update the product changes webpage with new information and material as they become available. |
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Investment insights from Japan—much has changed since 2019 Japanese companies ramp-up investment in digital transformation (DX) |
As a seasoned visitor to Japan, David Mann, CFA, Senior Portfolio Manager, was struck by the changes he experienced when he recently returned after a 3-year hiatus. From a surprise during his first cab ride to the ramping up of automotive electrification, and increased investment in digital, David discusses what he calls the digital transformation revolution in Japan. He also discusses the overall economic environment and the effects of inflation, labor and wage pressures. Learn more about the changes that struck David on his recent visit to Japan. |
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Get up to speed with our 2023 Federal Budget Overview Infographic |
Our client-friendly fact sheet highlights what's new in the Budget and how it impacts clients. Download the infographic to share with your clients and start a conversation about changes to their financial needs. |
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How the Empire Life investment team's success in 2022 has informed and influenced their 2023 |
The recent Investment Executive article "Stock picking supports segs in 2022" ranked Empire Life 2nd among carriers for segregated fund returns, stating that over 84% of our segregated fund assets under management were ranked in the first or second quartile.1 In this follow-up Q&A, Paul Holba, Senior Vice-President and Chief Investment Officer provides an informative look back at the challenging markets of 2022 and the tactics and strategies the team used to deliver their outstanding segregated fund performance. |
1 As at December 31, 2022. Source: Morningstar Research Inc. |
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CE credits: Pending |
Please join us for our Part 2 TRIIPSS Webinars: |
Part 1 - The planning process – Available on Demand
This webinar is also available in French.
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Part 2 - Some principles to employ - May 3
Date: Wednesday, May 3, 2023 |
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Stay informed with our TREP team: First Home Savings Account (FHSA) |
Recently announced by the Canadian Government, the First Home Savings Account is becoming the talk of our investment industry. Peter A. Wouters has developed an infographic with the highlights:
If you have any questions, please reach out to your account executive. |