Much time and attention is devoted to the importance of building wealth for the long term, particularly around RRSP season. What about the preservation of these portfolios particularly when a critical illness strikes? What are clients’ expectations of the discussions advisors have about the tax impact on their portfolios?
Date: February 22, 2023 Time: 2:00 p.m. to 3:15 p.m. ET This webinar is also available in French on February 22, 2023 at 10:00 a.m. ET
CE credits: Pending To receive their CE credit, attendees of this event will be required to attend the entire session and pass the quiz after the webinar has been viewed.
As we move to a more digital platform as a means of selling Empire Life products, we recognize the need to allow advisors to be contracted without the first piece of business.
Helping Canadians experience the Empire Life Difference for over 100 years
Proudly Canadian, January 2023 marks Empire Life’s 100th year of helping Canadians build wealth, protect their financial security, and achieve physical, mental and financial health. Advisors tell us that there's a difference when it comes to working with Empire Life. Defining that difference is simple: people, products, and digital processes. Learn more.
To ensure policies via our Fast and Full platform remain simple, fast and easy, and to to provide our clients and advisors with adequate service, we kindly ask that advisors carefully input and review the information provided on the application.
Please ensure this section is used with discretion and accuracy. Our Customer Service team will continue to assist you with any questions you may have.
NEW: Child Rider Conversion Application
We have created a new Child Rider Conversion Application. This new application will provide a more seamless application process for clients and advisors by eliminating fields not relevant to these conversions and including sections previously missing from our Conversion Application.
Effective immediately, the Child Rider Conversion Application (INS-3511) will be available for download on our website. Please use this new application when submitting a request to convert an existing Child Rider.
Our Customer Service team will continue to assist you with any questions you may have.
Now available on demand:
Advisor opportunities in this digitally, pandemically & economically changed world
Our trip will take us to the various developments and issues around:
Digital - the new normal
Remote interactions: are they the new normal? Are they expected? Or are they a matter of client choice depending on the situation?
Evolving and rising client expectations
How can advisors stand out from others?
And throughout the session, you will hear about what lies ahead.
Until March 31, 2023, you can keep earning 15% or 20% more FYCby submitting new life and health insurance applications using the Fast & Full Life App when clients select and complete the Electronic Health Questionnaire (eHQ) and choose and receive eContract Delivery as compared to submitting paper applications and receiving a paper contract.
Now available! Multi-Strategy Investor Q4 Commentary
Dave Paterson, CFA, Portfolio Manager shares insights on market action in the fourth quarter of 2022, commenting on how equity markets ended a challenging year by rewarding investors with solid gains in Q4. He discusses how fixed income markets ended the year on a mixed note and inflation may have peaked, but factors such as war in Ukraine, high inflation and an expected economic slowdown in 2023 mean there are still many challenges on the horizon. Dave also provides a review of his management of the Empire Life Multi-Strategy segregated fund portfolios in language that’s suitable for your investors.
Financial Markets at a glance infographic now available for Q4
The Financial Markets at a Glance infographic provides a high-level, visual way to explain the past quarter’s market changes to your investors. It presents a brief overview of world events and their impact on global markets. Easily digestible bits of information are broken down by Canadian, U.S., global equities and fixed income using colourful graphics and symbols so you can give your investors a big picture overview of what happened in Q4 2022.
Two Empire Life investment funds named best in class for 2022
We are pleased to announce that Empire Life Asset Allocation GIFand Empire Life Short Term High Income GIFhave been recognized for their exceptional risk-adjusted performance over the previous calendar year, each winning a Fundata FundGrade A+ Award. The award-winning funds exemplify the Investment team’s disciplined investment style, with a strong emphasis on finding attractively valued, high-quality businesses, with a focus on downside protection.
The Empire for Life Loyalty Program* annual management fee credit for 2022 has been calculated based on the market value of the underlying funds on December 31, 2022 for eligible Empire Life segregated fund contracts. The fee credit has now been applied to the eligible client accounts and can be viewed on the business centre and the client portal under the "Transaction" column as a "Deposit" or "Management Fee Credit".
* Empire Life reserves the right to change the terms, or cease offering, the Empire for Life Loyalty
Program at any time without prior notice.
FOR ADVISOR USE ONLY
Staying in the market, not trying to time it, can be the best option for clients
Long-term investment success is based on time in the markets, not timing the markets. For an in-depth explanation see our first email and linked blog post, on the long-term benefits of staying invested in the markets.
“Staying in the Market” is the first of a five-part email series covering key areas such as market timing, diversification, managing market emotions, managing risk, dollar cost averaging and the benefits of regular investing.
To say 2022 was a challenging year is putting it lightly. High inflation in developed countries, rising interest rates and ongoing geopolitical challenges drove up commodity prices. Bond yields skyrocketed as most asset classes took a hit. And Canadian bonds, usually a good hedge against stocks, had their worst year since 1980. But through it all, Empire Life’s investment strategy played a significant role in the success of many of our segregated fund mandates. Over 85% of Empire Life's segregated fund assets finished ahead of their peer group in 2022 with 18 of our funds in the top quartile.1
In a recent video, Paul Holba, CIO, reviews the key market events of 2022 and outlook for 2023. Watch now and share with clients.
1 Empire Life analysis based on AUM as at Nov.30, 2022 and Morningstar Research Inc. preliminary 2022 performance ranking report as at January 2, 2023.
ATTENTION:
Insurance intermediaries in New Brunswick
New Brunswick's Financial and Consumer Services Commission (FCNB) received Ministerial Approval to adopt Rule INS-001 Insurance Intermediaries Licensing and Obligations and Rule INS-002 Insurance Fees. The Rules came into force on Wednesday, February 1, 2023. Please review the notice for more details and to familiarize yourself with FCNBs expectations of intermediaries.
If you have any questions on this notice or the implementation of the Rules, contact the Insurance Division of FCNB at 866-933-2222 or by email at info@fcnb.ca.
The AMF published a Bulletin informing the financial services industry that all entities under its supervision will now be required to report consumer complaints only once a year, by May 1 of each year for the period from January 1 to December 31 of the previous year. However, single-representative firms and independent representatives who do not have any complaints in the year are not required to file a report.
Due to these changes, we have amended the “Complaint Handling (Quebec) Template” and the “Advisor Complaint Handling Policy” Reference Document to reflect these changes. These documents can be found on the compliance section of our website.
.png?upscale=true&width=696&upscale=true&name=Screenshot%20(560).png)
.png?upscale=true&width=338&upscale=true&name=Copy%20of%20Copy%20of%20100th%20anniversary%20eServices%20(3).png)
.png?upscale=true&width=338&upscale=true&name=image%20(7).png)
.png?upscale=true&width=338&upscale=true&name=TRIIPSS%20EN-2021%20(1).png)
.png?upscale=true&width=338&upscale=true&name=Earn%20more%20in%202023%20with%20the%20eBundle%20Bonus!%20(6).png)
