Empire Life Insight for November 26, 2020
Submitted by Victoria on November 26, 2020 - 9:59am
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NEW Empire Life Disability Credit Protect: A rider for life insurance to help clients protect their lifestyle |
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We are pleased to announce that Empire Life has launched an optional disability insurance rider for new EstateMax®, Optimax Wealth® and Solution Series® policies. The NEW Empire Life Disability Credit Protect™ is designed to help clients continue to pay their monthly loan obligations if they become disabled and cannot work. Empire Life Disability Credit Protect can help provide an additional layer of security for a client’s financial plan. Upon claim approval, it pays a monthly benefit to help clients cover eligible monthly debt payments such as mortgage, rent or a car payment. Visit our advisor landing page for highlights including new and updated marketing materials and sales aids. Learn More |
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| No-fluid life insurance underwriting requirements for coverage up to $1,000,000 Effective November 19, 2020, Empire Life is pleased to announce that underwriting requirements for life insurance coverage amounts up to $1,000,000 for insureds aged 18-50 will no longer require fluids or medical tests. Preferred underwriting for these cases will begin at $1,000,001. For full details, including transition rules, please see the Information Circular below. We have also created a Frequently Asked Question document for your reference. Information Circular Frequently Asked Questions | 
| New Program: Policy Lapse Notifications for Advisors To help ensure that your clients’ life and health insurance policies remain in-force, advisors will now be sent a notice, by email, of impending policy lapse(s) to let you know of any client policies that are in danger of lapsing. The program was piloted earlier this year with a group of advisors and received only positive feedback. * This program can be withdrawn by Empire Life at any time. View Sample Notification | 
| TRIIPSS Webinar Replay: Transferring Life Insurance Policies Transferring the interest in a life insurance policy happens more often than you may think. Learn about what happens with various scenarios involving the transfer of an interest in a life insurance policy. The session includes sample calculations, considerations and consequences for the "transferor" and "transferee".
Advisors will be better equipped to guide their clients through the deliberations and decisions involved in transferring an interest in a life insurance policy. CE credits available until January 16, 2021. Watch the Replay | 
| Changes to "Not in good order" notifications To hold fewer policies and decrease turnaround times, we will now copy in advisors via email on all not in good order communications sent to your MGA from our New Business team during the application process. This is the latest in a number of process changes and other initiatives to improve service levels for life and health insurance applications. |
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|  | Give your clients the gift of guaranteed retirement income for life this holiday season! When you invest in Class Plus 3.0, you are guaranteed to receive a predictable monthly income that is guaranteed for as long as you live. The 4% Annual Income Base Bonus builds income potential – not pro-rated! Learn More Class Plus 2.1 clients are also eligible for the Income Base Bonus - not pro-rated! Take advantage of the Class Plus 2.1 2020 deposit maximum of $25,000 before December 31, 2020. | | Now available on demand - TRIIPSS Webinar
“Locked-In Retirement Accounts: Opportunities for retirement and estate planning” The recent TRIIPSS Webinar “Locked-In Retirement Accounts: Opportunities for retirement and estate planning” is now available on demand.
Watch the replay on demand when it is convenient for you and complete the webinar quiz to earn CE Credits. Watch the Replay | 
| Off the Cuff with Ashley Misquitta:
What the U.S. general election results means
for the stock market Now that the U.S. election is completed and we have a pretty clear picture of what the results are going to look like, Ashley shares some thoughts on where things are likely to go and what he is watching for.
Get some insight into which sectors we're watching and which areas we’re keeping an eye on. Click below to see the video. Watch the Video | 
| Look to our shining stars Deliver stellar results to your clients with our disciplined, long term investment management approach that focuses on quality and downside protection. Learn more |
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|  | Holiday hours and year-end settle dates Please refer to the following Information Circular to learn more about our holiday hours of operations and year-end dates for Retail business. Information Circular |  | 2021 weekly advisor pay schedule The 2021 Weekly Advisor Pay Schedule is now available. See the Information Circular for details. Information Circular | 
| Empire Life reports third quarter 2020 results We announced our third quarter 2020 results. Read the news release. News release | 
| Information Circular Revision: "Fronting" Fronting occurs when an advisor who was not involved in the completion of the sales transaction with the client, signs the application as the soliciting advisor. If two advisors are working together, both advisors must be coded with Empire Life and disclosed on the application for insurance. Please see the revised Information Circular for details. Information Circular |
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