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Disruptions, Distractions and Direction

The Fast & Full Life App is now one click away on LifeGuide!

Users of the popular life insurance comparison tool LifeGuide can now access the award-wining Fast & Full Life App with one click directly from their LifeGuide session.

The Fast and Full Life App is the first online life insurance application to appear on LifeGuide. In choosing to highlight this Empire Life digital solution, LifeGuide recognized our commitment to digital innovation and user experience.

Updated Underwriting Guide Available - Critical Illness Included!

The Underwriting Department is pleased to announce that updates have been made to the Life Insurance Underwriting Guide to include guidelines for Critical Illness.

The updated guidelines can be found on the Empire Life Website for Advisors on the Underwriting site.

Dividend Scale Announcement for Empire Life Participating Plans

We are pleased to announce that the dividend scale for Empire Life participating products will be maintained at current levels until June 30, 2021, as approved by our Board of Directors earlier this year.

We are also maintaining the Empire Life dividend scale interest rate of 6.0% until June 30, 2021. For more information related to this announcement, please review the Information Circular.

eSignature Forms Now Available For
Non-Face-To-Face Business

Through the new eSignature section on My Advisor Dashboard, you are now able to access online forms and applications that can be signed digitally, starting with the C-0170(a) Electronic PAD Agreement form for insurance. Updates will be provided as more forms and applications are enabled for eSignature.

New Sequence of Returns StepUp series – parts 4 and 5 now available!

Peter Wouters has developed a special series of StepUp Newletters to accompany his recent TRIIPSS webinar “Sequence of Returns Risk and Retirement Income Strategies”.

In part 4, “What is a Guaranteed Withdrawal Minimum Benefit (GMWB)?”, we explore a product solution that can provide a guaranteed income for life and allow investors to participate in the market.

In part 5, “Investor Behaviour”, we answer two popular GMWB questions: Am I locked in to getting a fixed amount of income no matter how my portfolio performs with one of these plans? And are these guarantees fixed on my initial deposits?

Click here to catch up if you’re missing parts 1 to 3.

From the Desk of the CIO: Staying disciplined as speculation heats up

In this issue of From the Desk of the CIO, Ian Hardacre shares his views on the current equity markets. Ian also discusses the importance of active management and how a good asset allocation practice can improve a portfolio’s risk-return profile.

Give clients the peace of mind that comes with guarantees

Now more than ever clients are concerned about continued market volatility and protecting their financial assets during a market downturn. Give them the peace of mind that comes with protection available only with segregated fund guarantees.

• Choice of 75% or 100% maturity benefit guarantee
• Choice of 75% or 100% death benefit guarantee on deposits made to age 90
• Automatic annual death benefit guarantee resets until age 80 to lock in market gains
• Diversified investment choices ranging from fixed income to 100% equity, including our tactically managed Multi-Strategy GIFs

Empire Life Portfolio Management Update

The Empire Life Investment Team discuss how they navigated the markets during the first half of 2020, where they see opportunities and how the funds are positioned going forward. Download the updates and share with your clients.

Empire Life announces second quarter 2020 results

Empire life has announced second quarter 2020 results.

Policy Reminder: Short Term Trading

At Empire Life, a short-term trade occurs when a client purchases units within a particular segregated fund via a deposit or switch and, within 90 days of that transaction, moves or withdraws some or all units from the same fund.

If a client completes a short-term trade, we will send their servicing advisor an email notification explaining the transactions. A second trade of the same nature may result in the client's fund being charged a fee of up to 2%. This fee is paid to the associated fund to help offset the costs of the short term trading activity. We also reserve the right to refuse to process the requested transaction under the same conditions.

Please ensure your clients are aware of this Policy as outlined in their product Information Folder.

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