News from Desjardins Insurance

In this issue:

• New marketing piece for the Wealth escalator plan - Life insurance concept for individuals
• Up to $1 million in life insurance: Do not order evidence of insurability for people age 50 and under
• Remember to keep a signed acknowledgement of receipt of the policy!
• Februray 2021 campaign for Guarantee Advantage
• COVID-19: Business Continuity Plan

NEW MARKETING PIECE FOR THE WEALTH ESCALATOR PLAN - LIFE INSURANCE CONCEPT FOR INDIVIDUALS

Wealth Escalator Plan is a financial strategy that helps your clients who have maximized their RRSP and TFSA contributions to generate larger after-tax estate upon death. By redirecting money from taxable investments to buy a permanent life insurance policy, the proceeds of which could enhance their inheritance.

With the launch of the new Participating Whole Life 10 pay see how the information in  this new marketing piece can help you demonstrate how your clientele can use this tax efficient solution to hand down an estate.

The brochure is available on Webi only under Insurance > Illustration sales concepts > Life > Wealth Escalator Plan - Participating life > Sales material.

Stay tuned for additional material to come in the new year.

UP TO $1 MILLION IN LIFE INSURANCE: DO NOT ORDER EVIDENCE OF INSURABILITY FOR PEOPLE AGE 50 AND UNDER

As announced earlier this fall, a new life insurance requirements table has been in effect since November 9. It allows most people age 18 to 50 to get $1,000,000 in life insurance with only a statement of insurability and an underwriting phone interview.

We’d like to remind you not to order additional evidence of insurability even if it’s indicated in the Illustration app for these cases. This way we won’t overwhelm our paramedical partners. The Illustration will be updated at a later date.

Thank you for your cooperation.

REMEMBER TO KEEP A SIGNED DELIVERY RECEIPT OF THE POLICY!

Even if the policy has been delivered by mail or courrier with a tracking number, you must keep the delivery receipt, signed by the client, in their file. You can also send us a copy.

How do you do that?

Ask your client to sign the delivery receipt they received with their policy and if necessary, the settling document documents (Notice of modification, Notice of premium payment, etc.). Then ask them to scan them or photograph them in high resolution and send them to you.

FEBRURAY 2021 CAMPAIGN FOR GUARANTEE ADVANTAGE

Here are the terms and basketst of securities available for the current campaign...

All the information related to COVID-19 is gathered in a dedicated section on Webi.