Insight | May 24, 2016

Empire Life Investments Inc. is pleased to announce that Ian Hardacre, MBA, CFA has joined the investment team as Senior Portfolio Manager, Canadian Equities and that Lieh Wang, CFA has been appointed Senior Portfolio Manager, U.S. Equities.
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We wanted to advise you of what we are doing to help customers in Alberta and Fort McMurray who have been affected by the wild fires. We’ve made a $10,000 corporate donation, and our employees have raised more than $3,500 for the Red Cross. To provide financial relief for customers, we are also being flexible on payments and grace periods during the next few months.

Our customer service, inforce teams and sales teams in the West have been working closely with advisors and customers in the affected area. We are committed to doing what we can so our customers don’t experience any further financial hardship during this difficult time.

For any Investment or Insurance inquiries please have customers contact us at 1 800 561 1268  or by email to insurance@empire.ca orinvestment@empire.ca

Due to the timing of May month end, we will be moving the month end cut-off date for retail business to Monday, May 30th. All outstanding requirements must be submitted and the policy settled by that date to ensure payment of compensation by June 3rd.  Any business settled Tuesday, May 31st will be paid the following week on June 10th.

Many of you have been asking about our plans for future advisor conferences and events in light of the recent distribution policy paper from the CLHIA and competitor announcements.

We will continue to offer conference and event opportunities for our distribution partners. In fact, the qualification period for our next biannual incentive conference already began January 1, 2016 and will run until the end of 2017. Our top 100 advisors and top 15 MGAs will meet at in San Diego in 2018.

However, our 2018 San Diego conference will be the last sales incentive conference where advisors are invited based on their level of business, and hotel/travel expenses are paid by Empire Life.

Read more here…

Don’t worry. Here is a recording to help you understand the new tax rules, the impact on the life insurance market and effects on the life insurance plans you sell moving forward, and the opportunities that are available now for both new and existing clients. Sorry – no CE Credits are available for this recorded version.

Our Emblem "Art and Science of Investing" campaign is a finalist for Advertising Campaign of the Year by Wealth Professional Magazine. Our Pop Art campaign was considered outstanding. Emblem Portfolios are tactically-managed packaged programs. Discover for yourself how Emblem brings together the art and science of investing.

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Starting January 1, 2017, rules related to the taxation of life insurance in Canada will change. These new rules will have an impact on all life insurance plans issued after 2016, including prescribed annuities.Learn More.

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Check out our great initial premium rankings for Solution 10 and 20!

The investor profile questionnaire (INV-927) is a popular tool with advisors to identify which Emblem GIF Portfolio to recommend for their clients. But did you know it’s also available online? The on-line version is fast and easy to use during a client meeting plus the recommendation can be printed in a customized report for clients to keep. Go to it >

The Empire Life Insurance Company last week reported first quarter common shareholders’ net income of $37.2 million for 2016, compared to $25.6 million for 2015.

First quarter common shareholders’ net income and ROE were higher relative to 2015 primarily due to higher profit from the Individual Insurance product line.Read more...

Empire Life supports and partners with many groups to help build strong, sustainable communities.

Read our 2015 Public Accountability Statement for stories and details on how we made a difference in 2015.

Mike Stocks has been appointed Vice-President and Chief Marketing Officer, Retail.
Jatinder Parhar has been appointed Vice-President, Retail Operations.

Did you know that we can only accept the most up to date version of the Corporate/Other Entity Owner Supplement (C-0044) form with a print date of 2/15? Earlier versions of the form do not include the Foreign Account Tax Compliance Act (FATCA) questions. To avoid processing delays and the need to contact your customer to complete a second form, please destroy any older versions you might have on hand and only use the newest version. C-0044.