April 29, 2020

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.

Information Circular

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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 This promotion can be withdrawn by Empire Life at any time. 

Effective April 30 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.

Start a T2033 transfer now!

Join us for the Empire Life Multi-Strategy GIF conference call

Dave Paterson will provide an overview of the funds and discuss how they have been positioned through this period of market volatility.
 

Date:  Tuesday, May 12, 2020
Time:  12:30-1:30 ET
Host:  Paul Holba
Number: 647-484-0476
Toll-free number: 1-866-519-2796
Passcode: 208586#

Please note that this call will be available in English only. A replay and transcript will be made available the week following the call.

Join our next TRIIPSS webinar: Succeeding in a Digital and Non-Face-to-Face World

Join Peter Wouters in this timely webinar as he discusses strategies on how to succeed in a non face-to-face environment as an advisor.

The session will close with David Thomas providing a summary of the Canadian government’s COVID-19 Emergency Response Act and how advisors can help their clients through it.

Date: Thursday April 30, 2020
Time: 1:00 p.m. – 2:15 p.m. EST

Register Now

Latest COVID-19 Updates for Individual Life Products

At Empire Life, the health and well-being of our employees, customers and advisors is our number one priority. We also recognize that COVID-19 has changed how we do business for the near term.

New COVID-19 advisor updates from the previous week include:

·  Maximum Temporary Insurance Agreement (TIA) coverage increase to $1 Million

·  New COVID-19 Advisor FAQs

New COVID-19 Underwriting (UW) Questions

Effective April 9, 2020, Empire Life has added 7 additional UW questions for all applicants of life and health insurance applications to complete due to the COVID-19 pandemic. These questions have been added to our Fast & Full Life App process and our paper applications on a temporary basis for the duration of the COVID-19 pandemic.

You can find a sample of the questions for your reference here.

Visit our Retail Advisor Updates page for all of the latest COVID-19 updates.

Did you miss our latest CIO Conference Call on April 17?

Missed our CIO Conference Call “Market Volatility” or would you like to listen again? The replay and transcript are now available.

Go to replay

Download transcript 

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.

Watch the Video.

Launch of Empire Life Early Redemption Recovery Credit Program

Empire Life is launching the Early Redemption Charge Credit Program (previously known as the DSC Recovery Credit Program) to support clients who wish to transfer funds to an eligible Empire Life product but have outstanding eligible early redemption charges at their current financial institution.

See Information Circular for more details 

Download Early Redemption Recovery Credit Authorization Form

Conversions of Trilogy Universal Life to Solution 100 with no additional underwriting requirements

Effective March 9, 2020, Empire Life has allowed conversions of eligible in-force Trilogy Universal Life Insurance policies to Solution 100 policies with no additional underwriting requirements. This benefits existing Trilogy policyholders who want a permanent life insurance product with guaranteed premiums and guaranteed cash surrender values.

Learn more

The effect of Covid-19 on the corporate bond market

Albert Ngo discusses how the Covid-19 situation has impacted the corporate bond market in this Off the Cuff video.

Watch the Video. 

Changes to the calculation of the 2020 required minimum withdrawal for registered retirement income funds (RRIF)

On March 25, 2020 a new set of economic measures became law to help stabilize the economy during this challenging period. One of these measures is to reduce the required minimum withdrawals from Registered Retirement Income Funds (RRIF’s) by 25% for 2020. These measures were delivered as part of the Government of Canada’s COVID-19 Economic Response Plan.

See our recent Information Circular for details on how Empire Life will be administering these changes.

New Return of Premium on Death Rider (ROPD) for CI Protect Plus

We are pleased to announce that on April 16, 2020, Empire Life introduced a new Return of Premium on Death Rider (ROPD) to our Empire Life CI Protect Plus product (CIPP). The ROPD rider will be available on CIPP 10, 20 & 75 plans at time of issue. Policies with ROPD will return all eligible premiums paid upon life insured’s death, including medical extras and policy fee (if the CIPP coverage is a base coverage).

For eligible CIPP coverages issued prior to April 16, 2020, as a special offer, we will allow policy owners to add the ROPD rider. Please see the Information Circular for full details including transition rules.

Information Circular

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