We’re pleased to provide an early update on several enhancements to the Empire Life Guaranteed Investment Fund contract. Effective May 29, 2023, three new Empire Life Canoe Portfolio GIFs will be added that combine the investment expertise of Canoe Financial and Empire Life Investments, and a new tier will be added to the Empire Life GIF Preferred Pricing program; GIF customers can now receive a 0.10% management fee rebate credit for any accounts with a market value of at least $250,000.
In addition, a new Client Name F-class/Fee for service option will become available, offering new customers flexibility and greater transparency in the fees that they pay for financial services.
It’s important to input banking information accurately to the Fast & Full Life Application when meeting with your client to prevent delays or needing to resubmit an application. It can be helpful to have the client input the banking details into the application when you meet or to verbally repeat the information when you're inputting it into Fast & Full, to ensure its accuracy.
Never put zeros or incomplete details for banking information as that can delay application processing due to manual intervention being required to correct errors. Review the Fast & Full Life Application checklist to prepare for your next client meeting.
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.
Deliver stellar results to your clients with our disciplined, long term investment management approach that focuses on quality and downside protection.
Dave Paterson, Portfolio Manager, shares insights on market action in the first quarter of 2023, commenting on the January rally, February pull-back and the March banking sector shockwave. He noted that Investor sentiment was very positive in early Q1 based on the global growth outlook, however, regional banking troubles and its potential spillover to the broader economy in mid-March dwarfed worries over re-accelerating inflation, prompting a sharp rally in the government bond markets.
Financial Markets at-a-glance infographic now available for Q1
The Financial Markets at a Glance infographic provides a high-level, visual way to explain the past quarter’s market changes to your investors. It presents a brief overview of world events and their impact on global markets. Easily digestible bits of information are broken down by Canadian, U.S., global equities and fixed income using colourful graphics and symbols so you can give your investors a big picture overview of what happened in Q1 2023.
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.
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