Now extended: take advantage of our eBundle Bonus!
Keep earning 15% or 20% more FYC1 until December 31, 2023, by submitting new life and health insurance applications using the Fast & Full Life App when clients select and complete the Electronic Health Questionnaire (eHQ) and choose and receive eContractDelivery2as compared to submitting paper applications and receiving a paper contract.
Empire Life boosts return on its money market fund, targeting 4.5%1
The Empire Life Money Market Fund’s new targeted annualized rate of return will offer your clients a competitive rate of return while they wait for more favourable market conditions. In addition, if the return of the portfolio increases between July 1 – December 31, 2023, the annualized rate of return will be adjusted to reflect the rate increase.
For more on the process, review the advisor and investor flyers.
1 Available July 1 - December 31, 2023. Empire Life reserves the right to revise and/or cancel this rate at any time.
Empire Life Asset Allocation GIF Commentary
Although Global Equities have enjoyed strong performance in the first half of the year, we maintain a conservative positioning.
Economic resilience has driven global equity valuations higher in the first half of the year, leading us to decrease our overall equity exposure from 57% to 54%.
The fund’s fixed income duration has also been increased from 5.7 years at the beginning of the year to 6.3 years as we expect that central banks are near the end of their rate-hiking cycle. Learn more about other tactical decisions made to the fund.
Regulations and product changes drive how advisors get paid.
However, the biggest drivers of change are changing client behaviours, expectations and priorities. Client experiences are the most prominent factor impacting many of the changes we see today. Their preferences for services and relationships can help advisors understand how to position or refine their service offerings and value propositions.
In this webinar, we will look at how advisors get paid and the value they provide, as defined from the client’s perspective.
MedExtra Medical Concierge services are available for the whole family!
Did you know that all Empire Life CI Protect Plus policies include the MedExtra® Medical Concierge services at no additional cost? This service can be accessed by the insured and their dependent spouse and children, and there is no limit to the amount of times the service can be used. This built-in benefit offers tremendous value to the whole family, by providing the following:
Rule-Out Critical Illness
Support information and guidance to accelerate the definitive diagnosis of a covered condition.
Remote Second Opinion
Case review by top specialists to confirm a diagnosis or make suggestions on up-to-date treatments and possible alternatives.
Critical Illness Care Management
High level professional assistance throughout the entire process including diagnosis, treatment and recovery periods.
®MedExtra is registered trademark of MedExtra Inc.
AML Dual Method documents
When you are required to verify the identity of a client, you are required to confirm the document(s) are authentic, valid and current and then populate the information in the fields on the form or application. You are not required to provide Empire Life with a copy of the documents themselves. We will be updating our forms and applications to provide clearer instructions and reviewing our follow-up process.
The only time Empire Life requires copies of the documents is in situations where a client or beneficiary is working without an advisor and they are required to have their identity verified. In those cases, we will coordinate with the client to obtain copies of their identification documents for validation purposes.
If not, please complete this form so that we send Empire Life business emails to the correct email address.
1The additional FYC qualifies for bonuses. Available on all life and health insurance products in contracts issued based on applications submitted using the Fast & Full Life App. This promotion can be withdrawn by Empire Life at any time.
2 If a paper contract is requested within 90 days of the issue date for a policy issued via eContract Delivery, a $20 administrative fee be will assessed to the advisor. Please note that policies with corporate owners are not eligible for eContract Delivery and therefore are not eligible for this promotion.
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