Bulletin Board | Global Pacific Financial Services

Bulletin Board

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Important Dates for (Life Insurance) New Business and In Force Policy Changes

Thu Sep 29, 2016 - 4:49pm GMT

Effective January 1^st, 2017, the taxation of life insurance policies will change requiring a distinction of policies issued under the current (G2) or new (G3) tax rules.

In early October, we will be announcing changes and enhancements to our life insurance portfolio which will become effective on January 1^st, 2017 (and follow the G3 tax rules). We expect to have The Wave illustration software (version 33.0) with our updated suite of life insurance products available for download in early October, 2016 and be ready to accept applications for these new life insurance products at that time.

Policyholder Taxation 2017

Thu Sep 29, 2016 - 4:21pm GMT

Starting January 1st, 2017, changes to Canada’s Income Tax Act will affect the taxation of life insurance policies in Canada and change the exempt test rules. This webpage provides a summary of all the changes that Empire Life is making to its product line-up to prepare for this change.

Policy Fee Discount ends on all Term & CI policies Sept 30, 2016

Thu Sep 29, 2016 - 3:36pm GMT

Summer BBQ & Food & Fund Drive supporting Surrey Food Bank