Selling term life insurance just got easier |
- To increase awareness of our longer duration term insurance products, we're making a special introductory offer of four free months premium on qualifying, new Canada LifeTM term 20, term 30 and term to age 65 policies. This includes their riders. For a new policy to qualify, the client's application for the policy must be received between Sept. 1 and Dec. 1 inclusive. This offer extends to reissues, if the original policy qualified
- Term 10, term-to-term conversions, and term riders on universal life and participating life insurance are excluded from this promotion, including adding term riders on participating life and universal life policies
- You can use SimpleProtectTM to complete applications in less than 10 minutes with the potential for instant approvals
- The first premium must be paid for by the client for the contract to take effect. The following four months premium will be waived for the client
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Canada Life now accepts electronic signatures for Agent of Record change requests |
- We now accept secure electronic signatures by clients on Agent of Record (AOR) change requests for both insurance and individual wealth products, provided you use an eSignature provider you've entered a contract with
- You must use an eSignature provider you've entered a contract with, not Microsoft Paint or other editing tools which are not acceptable for electronic signatures
- You're don't need to provide your client's email and phone number as long as we have the transaction summary report from your eSignature provider. We'll contact your client if we have questions
- You must verify all eSignatures with your clients prior to submission and inform your client that Canada Life may contact them to confirm their request
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Insurance Operations Update |
- Digital Contract Delivery Update
- Electronic signatures now accepted for policy changes
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Remember client consent is required prior to emailing personal information |
- Ensure your clients consent to you sending them documents with personal information by email
- Keep records of your clients' consent to receive emails
- Use an alternate secure delivery method if your client doesn't want to use email
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Build new relationships with grads who have high-income potential |
The 2020-2021 StartRight Grad program offers disability insurance to recent graduates of select professional programs at Canadian universities. - NEW! Effective Sept. 1, 2020, we're increasing the maximum issue limits for pharmacists and physiotherapists by $500
- All other features remain the same as last year's program
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Investment credits for Canada Life Generations Core, I and II segregated funds |
- The annual investment credit for qualifying high-net-worth clients holding Canada Life Generations Core, I and II segregated funds policies will be paid on or about Oct. 8, 2020, and will cover the period from Sept. 1, 2019 to Aug. 31, 2020
- Only clients who received the 2019 segregated fund investment credit payment as a transaction may be eligible for the 2020 investment credit
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Be aware of increased phishing email attempts |
- Phishing uses spam to lure unsuspecting people to a fake website in order to collect sensitive personal information and obtain access to systems
- When you suspect an email is suspicious and haven't responded to it
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Your resource for conducting business digitally |
- We've moved to a much more virtual and digital way of connecting with clients and conducting business, as a result of COVID-19
- This is your source for everything you need to continue to conduct business in a virtual environment while also giving you updates to processes as our communities continue to reopen
- Resources include news such as paramedical process updates, digital business guides, frequently asked questions, tips on connecting with clients virtually and recordings of every This week with Canada Life call
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