With over 84% of assets in the top 2 quartiles, Empire Life ranked 2nd in 2022 by Investment Executive
Empire Life segregated funds featured in Investment Executive article “Stock picking supports segs in 2022”
Successful stock picking in 2022 resulted in wins for the Empire Life investments team. The March 2023 Investment Executive article highlights how our fund managers focused on U.S. and Canadian stocks, energy, and shorter duration fixed income while being underweight in technology.
Please note this article is only available in English.
Enhanced Term Exchange Program adds even more flexibility
Policy owners with a Solution 10/15/20/ART coverage can now exchange their term for a new longer-term coverage within the first seven years following the original issue date of the policy.
The Empire Life participating fund offers the possibility of receiving dividends1 each year and has demonstrated a strong track record for success, highlighting the performance and stability our participating plans can offer. Historically, we've been able to achieve:
5.29% return in 2022
6.54% average return over the last 10 years
7.37% average return over the last 30 years
In addition to our participating fund performance, our participating life insurance plans have guaranteed premiums and cash surrender values–providing an excellent opportunity for many Canadians.
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.
1Dividends are not guaranteed. They are paid at the discretion of the board of directors and will vary—upward or downward—depending on future experience. Par returns include returns on par surplus and are not actual returns to policyowners.
Increased flexibility and choice with Solution 15TMTerm Life Insurance
For budget-conscious clients, Solution 15 Term Life Insurance may offer the perfect balance between a longer duration than Term 10 and a more affordable price than Term 20.
Our average market price ranking is #2 for Solution 151
Empire Life achieves top 5 rankings for 100% of age, premium bandings and gender scenarios for all Solution Series products!
1 Rankings for Solution 15 are based on the initial term premium rates on Feb. 4, 2023, with the initial annual premiums of 9 other comparable term 15 products shown on LifeGuide quotes obtained on Feb. 4, 2023, for the same life insured and amounts indicated. Rankings for Solution 10 and Solution 20 are based on LifeGuide quotes obtained on Feb.1, 2023 against over 20 comparable products for premium bandings and gender scenarios.
Now available on demand:
Financial underwriting and larger case handling
This session dives into steps that can be taken to facilitate the underwriting process for larger cases, as well as an overview of financial underwriting at Empire Life. We will explain how to leverage the Tax, Retirement and Estate Planning team to expedite the process. And, to summarize, some case studies will highlight do's and dont's that can help expedite underwriting of future cases.
CE credits: Pending. To receive their CE credit, attendees must attend the entire session and pass the quiz after viewing the webinar.
2023 Commission Bonus Program: Back for another year! Get rewarded in two great ways with Empire Life
We know that many of your clients may have uncertainties about their investment savings during periods of volatility and economic uncertainty. And to reward you for helping your clients better understand how a segregated fund can help alleviate some of these concerns, Empire Life has TWO bonus programs:
Empire Life GIF Growth Commission Bonus Until December 29, 2023, earn a commission bonus for actively promoting the value of Empire Life Guaranteed Investment Funds (GIF) to new and existing clients.
Empire Life CI Concentric Commission Bonus Until June 30, 2023, earn a commission bonus for promoting the value and features of Empire Life CI Concentric GIF (Concentric GIF).
Off the cuff with Albert Ngo Navigating uncertainty - A fixed income update
We are certainly in confusing times. The market appears dependent on the Fed; the Fed is dependent on data; and the data is dependent on an economy that has been difficult to predict. Where this market ends up, will ultimately come down to the path of both growth and inflation, which are unpredictable.
In this Off the Cuff video, Albert Ngo, MFE, Senior Portfolio Manager, discusses inflation, economic growth and possible outcomes for the market.
Your clients can now see MORE details about their Investment Options on MyEmpireTM
The customer portal now shows your clients more Investment details about their Guaranteed Interest Contracts and Elite/Elite XL plans with Guaranteed Interest Options with a detailed transaction overview of the guaranteed interest options for compound and simple interest investments.
MyEmpire now also shows Net Growth and Transaction History for Elite/Elite XL plans with Guaranteed Interest and Daily Interest options.
Changes to purchase fee options on certain Empire Life segregated fund contracts
To align with upcoming regulatory changes, the low load (LL) and deferred sales charge (DSC) purchase fee options will be closed to additional deposits effective on or about May 29, 2023. These changes will apply to all Empire Life segregated fund contracts, with the exception of the Elite and Concordia Investment Funds contracts (where DSC is the only available purchase option).