Thank you for doing business with Canada Life. Here’s the latest issue of the eBulletin from Canada Life with information to help you in your business.
In this week’s issue:
Individual Insurance
1. Policy change guide: life insurance policy changes in 2016 and 2017
- An extensive policy change guide delves deeply into the details about each policy change, including transition rules.
Look up policy changes by product type and details by type of policy change.
2. Updated line of credit documents available
- The updates are focused on the following minimum credit line limits:
BMO increased its minimum limit from $500,000 to $1 million
Scotia increased its minimum limit from $100,000 to $400,000
Wealth
3. New borrowing-to-invest process
- New form required with investment loan applications
Exposure to high-risk funds limited to 25 per cent
National Bank of Canada and B2B Bank investment loans impacted
4. New Wealth Management Operations updates
- Update to the Transfer Authorization for Non-Registered Investments (TANRI) form