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

INVESTMENTS NEWS

Sustainable Investing @ Empire Life

Empire Life Global Sustainable Equity GIF is our debut offering incorporating a structural approach to ESG considerations. It adopts best-in-class screening and ESG incorporation as its main sustainability approaches, layered on top of our deep understanding of what makes a quality business an attractive investment.

Our Resource Page has many tools to help you learn about this exciting new fund and ways to engage prospective investors!

Is Sustainable Investing a fad?

Sustainable investing has experienced increased interest over the past few years, with a sharp acceleration in 2020 due to the COVID-19 pandemic and high profile social issues. There are however, some common myths and misconceptions among investors that may be new to modern sustainable investing approaches.

This educational resource attempts to provide insight and clarification into what we believe are the most misunderstood issues.

Get rewarded for growth with Empire Life GIFs

Earn a commission bonus for actively promoting the value of Empire Life Guaranteed Investment Funds (GIF) to new and existing clients.

How does the Empire Life GIF Growth Commission Bonus program work?
100% of the growth commission bonus is payable directly to advisors to reward them for growing their GIF business and providing outstanding in-force service to existing Empire Life GIF clients.

The program rewards successful advisors in two ways:

1. GIF Deposit Bonus Rate – A commission bonus is payable based on GIF gross deposits.
2. Net Growth Bonus Factor – The GIF Deposit Bonus Rate is multiplied by the Net Growth Bonus Factor to determine the total GIF Growth Commission Bonus.

The growth commission bonus is available on deposits made between January 1 to December 31, 2021.

Watch On-demand:
Building and taking advantage of corporately owned segregated funds

Investors hold assets in a number of locations. Much of it may be held personally. Many business owners retain earnings not needed by their company and not needed by them inside the company. That brings up some questions. How is investment income taxed in a corporation? What are some of the tax issues generally and what about those issues when we are dealing with segregated funds?

Join Peter Wouters for this session as he shares answers to these questions and examines strategies that advisors can use when dealing with corporate clients.

CE credit offer expires September 24, 2021. Quiz will appear after the webinar has been viewed.

Our Fund Facts have been updated

Our Fund Facts documents have been updated with financial data as at December 31, 2020. They are available on our website: 

• Empire Life GIF 75/75, GIF 75/100, GIF 100/100 (INV-941)
• Class Plus 3.0 (INV-1754)
• Discontinued products
• Option Plus Group RSP Segregated Fund Highlights (GP-0039)

Fund Facts for Empire Life GIF 75/75, GIF 75/100, GIF 100/100 and Class Plus 3.0 will no longer be available in print; please destroy existing stock. The Option Plus Group RSP Segregated Fund Highlights continues to be available through Print on Demand.

INSURANCE NEWS

Register now for our next Insurance Webinar 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.

• Date: Wednesday, July 14, 2021
• Time: 2:00pm ET
• CE Credits: 1.0

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 upcoming 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.

The eBundle Bonus for the Fast & Full
Life App is back for Summer 2021!

Keep earning up to 15% more FYC on all new life and critical illness insurance apps this summer when choosing eHQ and eContract Delivery.

Advisors will continue to earn 10% more FYC for submitting business via Fast & Full vs. paper and, until September 30, 2021, can earn 5% more FYC when both the eHQ and the eContract Delivery options are selected in the Fast & Full Life App.

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 compete 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. See the article above for details.

Find opportunities to grow your business with your clients’ expiring conversion privileges

We are pleased to introduce a new feature to help you advise and retain clients whose Empire Life policies have conversion privileges that are due to expire over the next 2 years. Now when you log into My Advisor Dashboard, you will see a new feature under the Insurance quick links called "Expiring Conversion Privileges".

This new feature will present you with a list of all your clients’ term life and critical illness policies with expiring conversion privileges over the next two years (if you have any eligible client policies). To access your list, please log in to My Advisor Dashboard using the button below.

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.

Limited Trading Authorization (LTA)  does not transfer to a new advisor when an Agent of Record change is completed. If you have submitted an Agent of Record Change you will also need to submit a signed Limited Trading Authorization Form INP-0002 for the LTA to follow.

Updated AML/ATF Modules to include Amendments to Canada`s Anti-Money Laundering and Anti-Terrorist Financing Legislation effective June 1, 2021

We are pleased to announce that we have amended our AML/ATF Modules to align with FINTRACs new regulatory amendments that took effect June 1, 2021.

A high level summary of some of the specific changes for insurance companies, brokers, and agents are included in the Information Circular.