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Old MacDonald Had a Farm: Business Transfer and Estate Issues and Options

INVESTMENTS NEWS

Investment client net growth calculation On MyEmpire

We recently launched a new feature on My Empire allowing your clients to view their investments’ net growth and transaction details online. Based on feedback received from clients and advisors, we have modified the way we are displaying this feature to be more consistent with industry best practices.

To view their updated investment net growth and transaction history, clients will need to simply log-in to their MyEmpire account, select their policy and click on “Net growth & transactions”. An email communication will be sent to your clients informing them of this change.

Download our new Financial Markets infographic!

Our client-friendly infographic highlights market trends, including sector breakdowns, what’s working/what's not working, global regional changes and outlook. 

Empire Life Asset Allocation Fund:
25+ years of excellence!

With a total cumulative return of 305%, the Empire Life Asset Allocation Fund has been a proven performer since it was founded in 1994.

As one of the first segregated funds in this category, it has weathered many events including political and economic crises. Our flyer can be customized with your contact information for you to share with clients!

Are all sustainable investing approaches the same?

It is vital in understanding the different approaches related to sustainable investing. While standards and definitions continually evolve, there are generally six approaches to sustainable investing. Depending on an investor’s motivation in considering sustainable investing, some approaches may be more relevant than others.

Sustainable Investing @ Empire Life

Empire Life Global Sustainable Equity GIF is our debut offering incorporating a structural approach to ESG considerations. Our Resource Page has many tools to help you learn about this exciting new fund and ways to engage prospective investors!

Empire Life June 30, 2021 Investment Statements were mailed to customers beginning July 20, 2021. Customers who have signed up for electronic copies of their statements (eStatements) will not receive printed copies. Clients can view their eStatements on MyEmpire as of July 19, 2021.

Advisor copies of all client statements are now available on the Business Centre. The online statements feature allows you to conveniently download statements as Individual (single policy) or Bulk (all policies in a .zip file). For additional information about your customer’s statements, please see Information Circular 2021-19.

INSURANCE NEWS

Insurance Webinar Now On-Demand
Ensuring Stability: Inside the Empire Life Participating Account

Join us for a rare behind the scenes look at Empire Life’s participating products including key product features, dividend scales, and in particular, the underlying investment components and strategy of the Participating Account.

CE credit offer available until October 14, 2021.

Now available: Participating Account Quarterly Summary

Despite continued market volatility, our participating fund posted a strong annualized investment rate of return of 9.16% and a solid 10 year return of 6.73%.

Download a copy of the summary below and be sure to register for our webinar on the Participating Account (see article above).

A new version of our Envision life and health insurance illustration software is now available for download. If you have a recent version of Envision installed on your computer, the next time you open it, you will automatically be prompted to update to the latest version.

If you do not have Envision installed, please click here.

Reminder: Personal Health Tele-Interviews required for paper applications

Empire Life requires a Personal Health Tele-Interview (PHI) for all new life and health insurance applications using our paper form (D-0082). We have been asked recently if we will accept a completed adult health questionnaire, such as that used in the Application for Policy Change (C-0048), in place of a PHI. No exceptions of this kind will be considered and a PHI is required for all new paper applications.

The Fast & Full Life App offers an electronic health questionnaire (eHQ) option that enables advisors to complete the health information section with clients using the integrated co-browsing screen sharing. The reflexive nature of the eHQ enables us to gather the required health information to make faster decisions, including instant approvals which are not available on paper applications.

Fast & Full applications with eHQ and our convenient eContract Delivery options are also eligible for our Summer eBundle Bonus FYC offer. 

CORPORATE NEWS

Changes to Empire Life's Unacceptable Criteria for Advisor Contracting

We are committed to ensuring our customers receive the best service possible. The quality of our advisors is therefore one of our most important priorities, as such we have updated our list of Unacceptable Criteria for Advisor Contracting to include a minimum credit score. Please review the Info Circular for details.

We have updated our requirements and process for sponsoring advisors. Empire Life will continue to sponsor advisor licences on a limited basis, but has increased its production requirements. We have also created a form to be completed by MGAs to improve the efficiency of processing requests.

Currently sponsored advisors will not be subject to the new production requirements until their 2022 renewal. Please see the Information Circular and the updated sponsorship form below.