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PDF version Doing business with Canada Life
- Your complete guide to doing Canada Life insurance business
- You can now access a one-stop resource for Canada Life insurance during the COVID-19 pandemic.
- Learn more about our new, creative underwriting solutions and process changes.
- Discover best practices for processing non-face-to-face business without social interaction.
- See how we’re supporting clients with premium payment flexibility
Market updates
- This week with Canada Life
· We’re hosting a weekly call every Wednesday until further notice.
· Experts from various areas of the business will join to offer their insight and expertise on things like market conditions, business impacts, operating updates and health and wellness.
· Take this opportunity to hear more about the headlines you and your clients are seeing and to ask any questions you have.
· Register here:
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- Federal government offers help to business owners
We want to make sure you’re aware of federal programs that could help you as a business owner manage your business during these uncertain times. The federal government has announced programs to assist eligible Canadian business owners. Highlights include:
- A wage subsidy for companies whose revenues are down by at least 30%. This program provides up to 75% of payroll and benefits as calculated on the first $58,700 for the next three months (retroactive to March 15, 2020). This means that, per employee, companies could receive up to $847 per week.
- A one-year interest free loan of up to $40,000 from Canadian banks to help small and medium-sized business owners with their operating costs. Up to $10,000 of this loan could be forgiven if the balance is paid by Dec. 31, 2022.
- GST/HST remittance deferrals until June 30, 2020. This is in addition to the deferral of income tax payments by businesses until Aug. 31, 2020.
For more details on these programs and any updates as they become available, visit the Government of Canada’s Support to Businesses page.
Connecting with your clients
- Best Doctors available through Canada Life Critical Illness
During this stressful time, you want to offer your clients as much support and reassurance as you can. One way is to remind Canada Life Critical Illness policyholders that they have access to Best Doctors® at any time during the lifetime of their policy.
Highlights
- Available for any medical condition
- Available to the policyholder, their spouse and any children under 21 (under 25, if the child is in post-secondary), parents and parents-in-law
- Includes access to:
o Expert medical opinions
o Personalized doctor search
o Medical expert search outside of Canada
o Assistance in navigating Canada’s healthcare system
o Ask the Expert
Full details are available here.
