Offering your clients more permanent life insurance options
Term to 100 is competitively priced with an average LifeGuide ranking of 21and focuses on both the family and business markets. This product works well with sales concepts such as Keyperson Insurance, Buy-Sell Agreements, and provides a competitive alternative to minimum funded Universal Life!
Solution 100 has been repriced with an average premium decrease of 2% and a First Year Commission (FYC) increase of 5%! Focused on both the family and business markets, this product works well for clients looking for guaranteed cash surrender values (CSV).
1Rankings are based on a comparison of LifeGuide quotes for comparable Term to 100 products dated September 14th, 2023 and proposed premiums for Term to 100 against 10 comparable products for all ages, coverage amounts, and risk classes.
Now available!
Multi-Strategy Q3 Advisor Holdings Update
Dave Paterson, Portfolio Manager, shares the allocations of the Empire Life Multi-Strategy GIFs at the end of Q3 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 Q3 Holdings Update for Advisors.
The Empire Life Bond, Strategic Corporate Bond and Short Term High Income GIFs remain conservatively positioned. However, we continue to monitor opportunities to extend the duration and deploy capital.
The report ‘Upcoming RRSP to RRIF Conversions' in the Inforce Business Opportunities section on My Advisor dashboard lists your active RRSP (registered retirement savings plan) and LIRA (locked-in retirement account) clients turning 71 within the current calendar year. Please know that the deadline to submit conversions is December 7th. Use this list to reach out to clients with an upcoming conversion, discuss their needs, and provide them with options for their retirement planning. You can refer them to the "Planning for Retirement" guide. To check your Inforce Business Opportunities, log in to My Advisor Dashboard.
Update your clients’ addresses online via My Advisor Dashboard
Did you know that you can make client address and phone number changes directly from the My Advisor Dashboard home page by going to the “Business Support” section and clicking “Update Client Address”? Once submitted, you will see a confirmation screen that you can save for your records.
We are here to support you in helping your clients feel more financially secure. Did you know you can save your clients up to 58%2 with Empire Life's Solution 25 Term Life Insurance, compared to mortgage creditor life insurance, while allowing them more flexibility and coverage?
2Savings percentage is based on the monthly premiums for Solution 25 vs. an average of the monthly premiums charged by the top 5 banks for mortgage life insurance. Based on monthly premiums for the first 25 years for a healthy 36-year-old female, non-smoker, purchasing $400,000 of Solution 25 as of October 6, 2023. Premiums increase at renewal. The average cost of the top five banks’ mortgage life insurance premiums is the average of the monthly premium of mortgage life insurance offered by Scotiabank ($96.00), BMO ($84.00), TD Canada Trust ($86.13), RBC ($60.48), and CIBC ($80.00) for the same individual obtaining a $400,000 mortgage as determined by Empire Life in a survey conducted on October 6, 2023.
Holiday hours and year-end settle dates
Please refer to the following Information Circular to learn more about our holiday hours of operations and year-end dates for Retail business.