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| | Effective February 1, 2016, we are pleased to announce new rates for our Solution 10 and Solution 20 term life insurance. These new rates will significantly improve the overall competitive positioning of initial premiums for Solution 10 and Solution 20 in our key target audiences. For more details, including transition rules, check out our information circular | 
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Envision 10.3 now available, Update your Empire Life Insurance Illustrator Our insurance sales illustration system has been updated to reflect the new term life insurance rates for Solution 10 and Solution 20 and Envision 10.3 is now available for download. Download the new software here! |
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Advisors speaking out about their experiences with Fast & Full Advisors have been speaking out about Fast & Full, our easy-to-use, online life insurance application process that helps them save time, see more clients, and eliminate paperwork. To hear first hand what Fans of Fast & Full are saying, check out these videos. |
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Updated Commission and Compensation Schedules We have recently updated our commission and compensation schedules and have made additions to the FundSERV sections. Please refer to Information Circular 2016-06 for more details. |
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2015 year-end distributions for Empire Life Investments mutual funds Visit the Empire Life Investments website for the 2015 year-end mutual fund distributions. They are based on income and capital gains earned by the Funds in the taxation year to December 18, 2015. |
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Notice When delivering a policy, advisors must make sure the information noted on the application and related signed declarations is still complete and correct, and has not changed since the application was completed. All insureds must confirm whether there have been changes in their health or any other information previously provided, that could affect the underwriting decision. Such changes must be noted on the Policy Delivery Receipt for additional underwriting review. If there have been changes, the advisor should not deliver the policy.
By signing the delivery receipt, all owners and insureds acknowledge that all statements and answers provided on the application and delivery documentation, including the policy delivery receipt, are true as of the date of policy delivery. If any of the statements are incomplete or untrue, the insurance coverage may not be valid and a claim could be denied. |
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Mailing T4As and Relevé 1s for our Distribution Partners and Advisors Our Mailroom has been hard at work mailing the tax slips and the mailing is complete.You can expect to receive your T4A and Releve tax slips shortly. |
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Start a conversation with our new Emblem video! Our new Emblem video makes it easy to engage with clients and prospects. Available in a segregated fund version and mutual fund version, it explains the benefits of Emblem in terms your clients will understand and appreciate. You pick up the conversation from there! |
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iGIC. Fast. Easy. 24/7 This RSP season try our online GIC application. With its simplified application process and electronic document delivery, iGIC makes it fast and convenient for you to do GIC business and provide all the advantages of GICs to your clients!
Learn more. |
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Missing requirements on life insurance applications We will be providing an enhanced service to communicate outstanding requirements for new business applications and deadlines for submitting them. These reminders are intended to help you place your business faster. |
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Hybrid Solution 100 2016 Premium and Values Declaration Each January we determine the Interest Rate Range used to set the premiums for Hybrid Solution 100 coverage. Read Information Circular 2016-04 for more information |
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Policyholder tax reporting for 2015 and RRSP season 2016 Deposits to a registered plan received within the first sixty (60) days of 2016 are eligible as a tax deduction for the 2015 or 2016 taxation year. A tax receipt will be issued stating that this deposit was made in the first 60 days of the year. This year, the deadline for a 2015 tax receipt is Monday, February 29, 2016. Read Information Circular 2016-01 for important 2015 tax reporting and RRSP season 2016 cutoff dates for all Empire Life investment plans. |
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Explaining resets to clients made simple! Check out this new client friendly marketing piece that explains in simple terms how resets work on Empire Life Guaranteed Investment Funds 75/100 series. Download and print the PDF or contact your Empire Life sales representative to order a copy today! |
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Empire Life December 31, 2015 Investment Statements We will mail the Empire Life December 31, 2015 Investment Statements to customers beginning January 26, 2016. A PDF copy of these statements will be available on the Business Centre. Information has been included with all statements providing information to customers on the CRA budget changes that reduced the amount that must be withdrawn from Registered Retirement Income Funds (RRIFs) for the 2015 and subsequent taxation years. We are also advising customers that they may be eligible to re-contribute a portion of the amount that they received as payments from their RRIF in 2015 based on the changes to the new minimum amounts. Please see Information Circular 2016-05 for all the details. |
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Life and Health Insurance Application Our current stock of the Life and Health Insurance Application (D-0082 French only), omits the 'yes' and 'no' radio buttons for the Health Information question 6.6a. We have amended the printed applications by using a sticker to replace question 6.6, until our next application update. Please continue to use existing stock in your office (version 10/15) and clearly answer the question for each Insured. Note: the Life and Health Insurance Application online version has been updated. |
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MDRT Certifying Letter Make sure your letter gets to the Million Dollar Round Table (MDRT). Follow these steps and ensure your letter is received at Empire Life by
Monday, February 22, 2016. Visit the MDRT website to download the qualifying letter and complete the appropriate sections. - Mail the completed letter: Empire Life, 259 King St East, Kingston ON K7L 3A8 Attention: Dealer Services or - Email: a scan of the completed letter to dealerservices@empire.ca
Once received, we will complete the letter and send it back to you. |
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Reminder For RRIF Policy Holders You may have some RRIF policy holders that are eligible to re-contribute a portion of the amount that they received from their RRIF in 2015. Changes came into effect on April 21, 2015 as part of the federal government’s budget ("Economic Action Plan 2015”) that reduced the amount that must be withdrawn from Registered Retirement Income Funds (RRIF) for the 2015 and subsequent taxation years. Your customers have up until February 29, 2016 to make a re-contribution.
Additional information about re-contributions related to changes in the RRIF minimums is available online here.
The CRA website also provides more information on the RRIF minimum changes here. |
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Tip of the Week Did you know by following these tips when completing a GIF 75/75 or GIF 75/100 investment application it will help us settle your business more quickly and efficiently? When completing a GIF 75/100 application, the only time the amendment needs to be completed is when you are applying for the GIF 75/75 product. Please also ensure that the 75/75 fund codes are used when completing the investment instructions. |
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