Inforce Business Opportunities - NEW: Expiring Child Rider Conversions
This new report in the Inforce Business Opportunities section on My Advisor Dashboard provides a list of policies with child riders whose coverage expires within the next three months, making it easier to discuss options with your clients.
Within 60 days before the policy anniversary nearest their 21st birthday, each insured child can purchase an eligible permanent life insurance policy with a coverage amount of up to four times the sum insured under the Children’s Life Rider.
Register today for investment insights from Empire Life’s senior portfolio manager and investment strategist
In this limited series of webinars, Ashley Misquitta will provide his insights, based on in-depth research on current trends in the markets. Ashley will also share how the Empire Life Investments Inc. team uses these findings as input into investment decisions. During the presentation, you will hear about major global markets events and potential opportunities that may serve to inform the investment decisions you make on behalf of your clients.
Date: May 25, 2023 Time: 2:00 p.m. to 3:00 p.m. ET This webinar is also available in French on May 25, 2023 at 10:00 a.m. ET
Replay: Access to the replay will be provided after the webinar
Now available! Multi-Strategy Q1 Advisor Holdings Update
Dave Paterson, Portfolio Manager, shares the holdings allocations of the Empire Life Multi-Strategy GIFs at the end of Q1 2023. See the percentage of allocations by cash, equity and fixed income. Take a deeper dive into the passive, smart beta and active equity holdings at the end of the quarter. Stay up-to-date on Empire Life’s Multi-Strategy portfolios with the Q1 Holdings Update for Advisors.
Purchase fee option changes on certain Empire Life segregated funds
In anticipation of upcoming regulatory changes, Empire Life will stop offering the low load (LL) and deferred sales charge (DSC) purchase fee options in most segregated fund contracts. As of May 29, 2023, the DSC and LL purchase options for these contracts will be closed to all purchases.
Anadvisor FAQ has been prepared to provide additional information, and we’ll update theproduct changes webpagewith new information and material as they become available.
Did you know? For Juvenile policies, only a parent or legal guardian of a child under 18 can sign the application and complete the eHQ or PHI.
When considering a Kid Start strategy for your client, a parent or grandparent can apply for a juvenile life insurance policy on their child or grandchild. For any juvenile life applications, only a parent or legal guardian of a child under 18 can sign the application and complete the eHQ or PHI.
A legal guardian or parent is responsible for making decisions on behalf of a minor and acts in the best interests of the child, ensuring their safety and welfare. When a parent is not the legal guardian, there is often someone appointed by the court that is qualified to be the guardian of the child. Applications that do not follow this process will need to be resubmitted with the legal guardian signing the application and completing the eHQ or PHI.
New, shorter underwriting questions for a better customer experience in Fast & Full®
On April 13, 2023, Empire Life announced that we made improvements to our electronic health questionnaire within our popular Fast & Full Life application. These new enhancements will improve the overall user experience of the eHQ. We have reduced the number of reflexive questions by 40% and the questions will be asked in more client-friendly, straightforward language.
For all details including a full list of changes, please see the Information Circular.
Distribution Practices is pleased to announce they have updated their Best Practices Handbook.
The handbook is a compilation of rules, procedures and guidelines relating to distribution compliance and market conduct.
At Empire Life, we want to make sure that our distributors have the tools and knowledge to meet their requirements and conduct themselves appropriately. The Best Practices Handbook can be found on the website under Compliance.
What happens when tax free savings accounts hold foreign investments?
The Internal Revenue Service (IRS) withholds 30% on dividends paid to a Tax Free Savings Account (TFSA). This can be reduced to 15% under the Canada-US tax treaty.
%20-%20345%20%C3%97%20345px%20(2).png?width=696&upscale=true&name=AEWG%20(345%20%C3%97%20345px)%20-%20345%20%C3%97%20345px%20(2).png)
.png?width=318&upscale=true&name=More%20Policy%20details%20now%20available%20on%20My%20Empire%20(13).png)
.png?width=318&upscale=true&name=OTHER%20-%20Your%20Story%20(8).png)
