Empire Life boosts return on its money market fund, targeting 4.5%
High interest rates, inflation and market uncertainty have created a challenging environment and caused many of your clients to seek safer investment options while still wanting higher yields. Until December 31, 2023 the Empire Life Money Market fund will be offering a target annualized rate of 4.5%, allowing you to offer your clients the benefits of segregated fund guarantees and an attractive yield on their investments.
Looming capital gains taxes keeping your clients up at night? The Keep the Cottage in the Family Strategy could help!
Are your clients aware of the potential capital gains tax liability that may be payable to keep their cottage or second property within the family after they pass? Now may be a great time to have this conversation with your clients who own, or whose parents own a cottage.
Keep earning 15% or 20% more FYC1 by submitting new life and health insurance applications using the Fast & Full Life App. Clients can select and complete the Electronic Health Questionnaire (eHQ) and choose to receive eContract Delivery rather than submitting paper applications and receiving a paper contract.
1 The additional FYC qualifies for bonuses. Available on all life and health insurance products in contracts issued based on applications submitted using the Fast & Full Life App. This promotion can be withdrawn by Empire Life at any time.
The re-emergence of growth stocks propels Empire Life’s Multi-Strategy growth funds into top percentile performance 2
Dave Paterson, CFA, Portfolio Manager, recaps the market events and the reasons why Empire Life's Multi-Strategy solutions are well positioned to benefit from current events.
2Source: Morningstar Research Inc., as at May 31, 2023.
The risk of too much concentration: Don’t buy the hype.
The level of concentration in the S&P 500 reached historical highs in the second quarter, with the Magnificent Seven comprising over 27% of the index in May 2023, which largely drove its strong performance. Empire Life’s Ashley Misquitta, Senior Portfolio Manager and Investment Strategist and Dave Paterson, Portfolio Manager, discuss the events that led to this occurrence.
Empire Life Investments Inc., today announced changes for members of the investment team.
Edward Gibson, Senior Vice President, Capital Management and Chief Actuary, Empire Life (EL), Patrick McGrath, Head of Fixed Income and Private Placements, and Paul Holba, Senior Vice President and Chief Investment Officer, Empire Life Investments Inc. (ELII) are pleased to announce the following promotions within the Empire Life investment team: Ian Fung, CFA, has been promoted to Senior Portfolio Manager, and Atul Sriram to Investment Analyst.
Beginning August, 2023, Empire Life is making some changes for users of theMyEmpirecustomer portal. Clients will be prompted to set up multi-factor authentication when they sign in or register, for their MyEmpire customer portal.
These changes will begin to roll out to small groups of MyEmpire customers starting in August.
We are excited to share that Empire Life has begun a journey down the path to diversity and inclusion (D&I), with the full and engaged support of senior leadership. In 2020, we created a Diversity & Inclusion Committee, who have been very busy setting the D&I strategy as well as creating web content, establishing workstreams, preparing a land acknowledgement and forming employee resource groups.
We are proud to share our corporate D&I statement:
So far, two of our highlights have been:
Creating employee resource groups
Rolling out unconscious bias training for employees
We will share more details of our D&I journey in later quarterly updates. In the meantime, see our website for more details.