Learn how to pensionize 50-75% of your clients portfolios:

In light of the closure of several GMWB products from our competitors in the last few days (and years since the financial crisis of 08-09), Empire Life remains committed to providing your clients with the guaranteed retirement income for life they need. These guarantees are backed by the strongest reserves among all insurance companies in Canada (155% LICAT ratio on Dec 31, 2019).

Unlike the few remaining guaranteed income products in the industry that offer no annual bonuses, the Empire Life product (Class Plus 3.0) still offers your clients a 4% minimum guaranteed income base bonus. The product also offers a triennial automatic income base and death benefit reset. In other words, you can remove the downside risk to your clients income while retaining the upside potential. Here is a summary of the features:

·  Min deposit= $10,000 

·  Max deposit= $2,500,000 (per lifetime)

·  4% minimum annual income base bonus (first 20 years of the contract)- Note: 5% bonus offered in 2018 and 2019

·  Lifetime Withdrawal Amount (LWA) starts at 2.85% at 55 and goes up every year to 5.25% at 80+

·  Triennial automatic income base and death benefit resets (to age 80)  

·  Pays the higher of the LWA or the RRIF/LIF min (when held in a RRIF/LIF)

·  LWA can increase in the savings and income phases

·  Available in any account type: Non-registered, TFSA, RRSP/LIRA, RRIF/LIF  

·  Available in any purchase fee option: FE, LL, NL (3 year advisor chargeback), DSC, F-Class

Next step:  Reply to this email to book a 20-30 min webinar (no camera or download required) or call with Tim Abdelkhalek, CFA, PFP to learn more about how to pensionize 50-75% of your clients portfolios today!