May 14, 2020 |
No Fluid/Non-Medical Limit increase to $250,000 for Individual Critical Illness Products |
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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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Market Volatility: CIO Conference Call
For an update on the markets, join CIO Ian Hardacre, along with members of the Empire Life Investment team, to hear their insights on recent market volatility, the potential impact on economic activity around the world, and how the team is positioning to navigate these uncertain times. · Date: Friday, May 22, 2020 · Time: 12:30 pm – 1:30 pm ET · Toll-free number: 1-888-632-5004 · Local dial-in number: 647-794-1828 · Passcode: 907027# · Service confirmation number: 4327226 Please note that this call will be available in English only. | ||||
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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 This promotion can be withdrawn by Empire Life at any time.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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Join our next TRIIPSS webinar: Sequence of Returns Risk and Retirement Income Strategies
Join Peter Wouters as he takes a timely look at some of the risks investors face in their retirement, including how sequence of returns risk can disrupt an otherwise well put together retirement plan. Peter will explore strategies you can use to help pre-retirees and retirees avoid this and other retirement income risks. · Date: Thursday May 28, 2020 · Time: 2:00 p.m. – 3:15 p.m. ET · CE credits: Pending · Replay: Access to replay will be provided after webinar | ||||
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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. | ||||
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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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Coming Soon: Trilogy statements for advisors now available via the Advisor Portal
Advisor copies of Trilogy Universal Life Statements will soon be available electronically via the Advisor Portal. This change will ensure that you continue to have easy access to the most up to date information about your clients’ Trilogy Universal Life Insurance policies. Further details will be announced soon. | ||||
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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. | ||||
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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. | ||||
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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. | ||||
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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. |
