Doing business with Canada Life - Canada Life New Business underwriting practices update
Canada Life New Business is applying the following underwriting practices to Life, Critical Illness and Disability Insurance products: - Anyone who has recently returned from outside of Canada will have their insurance application postponed until they have been back in Canada for a minimum of 30 days and can produce a statement of good health upon delivery of their policy. After the period of quarantine, we would consider reopening the file. Any file postponed would not be eligible for TIA or CIA benefits
- When the application is formally declined, the TIA/CIA will be cancelled as well.
- We are unable to offer out-of-country delivery of contracts during this time
- For any AOPR’s previously delivered and signed outside of Canada, we will not be able to place the contract until the client has returned to Canada for at least 30 days and can produce a statement of good health upon delivery of their policy
Connecting with clients - Pre-approved and pre-translated, social media posts
We’ve prepared social media posts you can use to communicate with your clients during this challenging time. Simply copy, paste and post them. You can even personalize them, if you’d like. Topics covered this week include: - Student loan payments pauses
- Current market state
- Tips to support local businesses in your community
- Managing your finances during uncertain times
- Teaching your kids about money
- Managing your mortgage during financial stress
- Planning for retirement during COVID-19
Click here to review the posts. |
