Keep earning 15% or 20% more FYC1 by 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.
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 This promotion can be withdrawn by Empire Life at any time.
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.
Ask me anything with the Empire Life investments team
Hear David Mann, Senior Portfolio Manager and Canoe Financial’s Rob Taylor, SVP & Chief Investment Officer, speak about the underlying funds that are part of the recently launched Empire Life Canoe Portfolio GIFs and share their insights about current markets.
We are currently reviewing our pay-out annuity policies. Confirmation letters will be mailed this week to our annuity policyholders. If your clients are currently receiving payments in the mail by cheque, we encourage them to consider our safe and convenient direct deposit option. Their payments will be deposited directly into their Canadian bank account, so they won't need to worry about issues such as cheque holds or postal interruptions. To switch to direct deposit, they simply need to include a void cheque when they return the bottom portion of the letter. Alternatively, they can scan or provide a picture of the signed bottom portion of this letter via email and send to investment@empire.ca.
Please encourage your customers to return the confirmation by October 31, 2023 in order to continue receiving their annuity payments.
The Empire Life participating fund continues to post a strong annualized investment rate of return of 5.69% and a solid 10 year return of 6.39%.
In addition to our participating fund performance, what makes our participating plans 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 Empire Life participating life insurance plans 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.
Gain exclusive access to our team of Tax, Retirement, and Estate Planning Specialists for Large Cases
We are excited to announce that the minimum annual premium amount for Large Case Support has been lowered from $25,000 to $10,000. This means that even more advisors can now take advantage of this crucial service for their clients.
My Advisor Dashboard now provides details on the eSignature Status for eForms, making it easier to follow up on your clients' forms while saving more valuable time. You can see the status of each eSignature for each eForm listed on the dashboard.
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.