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Help your clients give the gift of life insurance this holiday season!

Kid Start from Empire Life is a whole life insurance strategy that leverages the tax advantages of individually owned life insurance to help your clients give the next generation a financial head start in life. Kid Start offers a number of advantages over traditional financial vehicles used for tax-advantaged intergenerational wealth transfer.

Please visit our website to access resources, including a video that you can watch and share on social media. 

Despite continued market volatility, our participating fund posted a strong annualized investment rate of return of 5.61% and a solid 10 year return of 6.58%.

What makes Empire Life's participating life insurance great for many Canadians is the combination of:

• Guaranteed premiums
• Guaranteed life insurance coverage
• Guaranteed cash surrender values and paid-up values
• The potential of receiving dividends each year

Consistent returns with a conservative investment approach have made the Empire Life participating plans very successful over the years. It is also why we have never failed to pay a dividend in the history of offering this type of insurance. Our dividend scales are guaranteed never to fall below zero percent and any dividend, once paid, cannot be taken back.  

Download a copy of the summary below.

Now available on demand:

Why Powers of Attorney, Wills and Trusts are Important

A strong estate plan will often include powers of attorney, wills, trusts, and insurance or insurance products.  As an advisor you may know about insurance planning, but how knowledgeable are you when it comes to powers of attorney, wills and trusts? If you are knowledgeable in these areas, are you speaking with your clients about the importance of having an estate plan? 

This webinar focuses on key components of an estate plan and covers topics including:

• Why clients should have Powers of Attorney, a Will and the consequences of not engaging in both types of planning
• Understanding the differences between Wills and Powers of Attorney and when each document is required
• Understanding Testamentary and Inter Vivos Trusts and how life insurance and insurance products may be used as effective alternatives 
• Why discussing estate planning with your clients is good for business and best practices for having “the estate planning talk”

Advisors will receive information that will educate and position them to be a valuable resource to their clients when it comes to estate planning.

CE credit offer available until February 28, 2023.

This webinar is also available in French

Year-end cut off for Class Plus 3.0 Income Base Bonus Eligibility 

All Class Plus 3.0 contracts will receive the one-time 4% annual Income Base Bonus on December 30th, 2022, if no withdrawals have been made in 2022.  The year-end cut off for deposits into Class Plus 3.0 to receive the annual Income Base Bonus is December 30, 2022 at 4:00 p.m. E.S.T.  This includes FundSERV trades, transfers from other institutions, and cheques submitted directly to Empire Life. There will be no exceptions for deposits received after this cut-off.

Unsettled wire order purchases placed before December 30, 2022 at 4:00 p.m. E.S.T will qualify for the annual Income Base Bonus, and the Lifetime Withdrawal Amount (LWA) will be adjusted when the trade settles.

Empire Life is pleased to announce a $25,000 deposit limit for existing Class Plus 2.1 contracts in 2022.

Look to our shining stars:

Our top-performing funds for November

Deliver stellar results to your clients with our disciplined, long term investment management approach that focuses on quality and downside protection.

Please join us for our next TRIIPSS Webinar: 

Taking a deep dive into the TFSA 

The Tax-free savings account program began in 2009. While the contribution room for the first year was $5,000, it will be $88,000 in 2023 (for someone who was 18 or older in 2009). What was initially a small component of financial and tax planning for clients has now become an essential planning tool. In this presentation, we will go further than looking at the basic aspects of TFSAs. We’ll also look at optimizing tax efficiency for couples, positioning assets and estate planning using TFSAs. We will look at these various aspects through case studies making it easier for advisors to guide and advise clients.

Date: Tuesday, December 20, 2022
Time: Available from 2:00 p.m. ET
This webinar is also available in French on December 21, 2022, at 10:00 am

The Empire Life GIF Growth Commission Bonus program has been extended for 2023!

Earn a commission bonus for actively promoting the value of Empire Life Guaranteed Investment Funds (GIF) to new and existing clients. More details to come. Please contact your Empire Life Investment Account Executive for more details.

Help your clients protect their loved one’s future while they invest in theirs

Your clients work hard to build wealth so they can live comfortably, in the hope of securing their family’s future. But market volatility has many investors concerned about protecting their financial assets. Give them the peace of mind that comes with protection available only with segregated fund guarantees.

Empire Life Guaranteed Investment Funds (GIF) help grow and protect the value of investments. The funds offer an effective estate planning tool for your clients to help protect their loved one’s future while still investing for theirs.

Find resources and information to learn more about how the right solution can help your clients achieve their financial goals.

From the desk of CIO Paul Holba

In 2022, defense was the best offense

2022 continues to be a challenging year—but it’s not all bad news. 

• Specific economic signals appear to be bottoming, although off low levels. 
• Equity valuations are now at more reasonable levels than earlier in the year. 
• Bond yields have become much more attractive. 
• Many markets experienced a strong October rally, trimming the year’s losses to varying degrees. 

Although interest rates are likely to rise further, the Empire Life Investments team believes we are closer to the end of the current hiking cycle than the beginning, particularly in Canada. 

Paul Holba, CIO, discusses how the team’s positioning of their investment strategies reflect their cautious view of the market environment—at a very high level, this is best described as being defensive. Gain deeper insights into where the team is seeing opportunities, how they’re positioning the funds to capitalize on them, and how a cautious strategy is working well so far.

This new report in the Inforce Business Opportunities section provides a list of your active RRSP (registered retirement savings plan) and LIRA (locked-in retirement account) clients turning 71 within the current calendar year to allow you to discuss your client's options with them proactively.¹

Use this list to reach out to clients with an upcoming conversion, discuss their needs, and provide them with options for their retirement planning. You can refer them to the "Planning for Retirement" guide. 

To check your Inforce Business Opportunities, log in to My Advisor Dashboard.

¹Excluding Concordia policies. 

New form available for eSignature:
RRSP to RRIF Conversion for Class & GIF Contracts (INP-130A)

The RRSP to RRIF Conversion for Class & GIF Contracts form is now available as a digital eSignature form to make doing business with your clients as efficient as possible. With this form, you can assist your client in converting their RRSP into an RRIF.  

The eSignature forms section on the My Advisor Dashboard gives you access to online forms and applications that can be signed digitally, giving you a more convenient way to work with your clients.