| Canada Life My Par Gift: the buzz is loud and we are proud | On March 30, Canada Life introduced a first-of-its-kind, innovative participating life insurance product designed for charitable giving. Canada Life My Par Gift™ is a simple product with a single-premium payment for clients who wish to make a bigger impact through life insurance. It is the only product of its kind available in the Canadian marketplace today.
Since its launch, My Par Gift continues to receive positive feedback and stakeholders in the planned giving space and the media. It's being recognized by philanthropists and charities as a solution that will help fill a need and lead to new opportunities. Be part of something great! | | | |
|
|
| |
| Did you miss Insurance Live? |
We had a great time at Insurance Live! but if you missed it, we’ve got you covered. You can watch the recording of the entire event through Workspace. Don’t have Workspace yet? If you have your own RepNet ID register now.
You’ll see some engaging discussions on the 2023 dividend scale announcement, how Canada Life is investing with conviction in our participating account and our new par product designed for charitable giving, Canada Life My Par Gift.
If you’re an advisor and missed the event, you can still qualify for CE credits*. You must answer the knowledge quiz at the end of the video above and score a minimum of 60%. Advisors who watched the entire event live are automatically eligible for CE credits* and should receive them soon.
* CE credits pending approval. |
| |
| Growing Together with Canada Life |
| Thank you to everyone who participated in the Growing Together with Canada Life bonus program. This bonus incentive ended on March 31. Advisors who successfully achieved this bonus were contacted by email on Canada Life News. Please contact your field leader or wholesaler if you need more details on your bonus incentive. You’ll have until June 1 to view your results and request a review if you believe there’s a discrepancy. Thank you for your continued partnership with Canada Life. |
| |
| Do you know which insurance policies include prorated refund of annual premiums? |
- All participating, term and universal life insurance policies issued on or after Jan. 1, 2017 except for My Par Gift single premium payment policies, will include prorated refund of annual premiums when the policyowner dies or surrenders their policy.
- Policies dated before Jan. 1, 2017, may not always follow this process.
- If you manage policies before Jan. 1, 2017, it’s important you know which policies will include prorated refund of annual premium when the policyowner dies or surrenders their policy, and which ones won’t.
- Use this table to identify which policies will include prorated refund of annual premiums at death or surrender.
|
| |
| Register now: Charitable giving strategies using life insurance |
Join your peers on May 17 at 1 p.m. ET for a webinar hosted by Steven McLeod, Director, Tax and Estate Planning Group, Canada Life. Steven will discuss charitable giving strategies for individuals and corporations using life insurance, including how to use Canada Life’s new My Par Gift participating insurance policy. Before the event, listen to Canada Life’s Tax and Estate Planning Group’s latest podcast. Hear nationally known financial planning and philanthropy expert Ryan Fraser share tips and insights on how to enter the charitable giving space.
Find more resources on charitable giving strategies using life insurance here.
Register now |
| |
| Scheduled system outages for SimpleProtect™, WebApp |
SimpleProtect™ and WebApp will have a scheduled system outage on May 6, 3 a.m. ET to 12 p.m. ET. You may want to prepare in advance to ensure the outage doesn’t disrupt your client appointments. During this period, you may use paper applications to submit new insurance business.
We apologize for any inconvenience and appreciate your patience as we update our systems. |
| |
|
| |
Printer-friendly version
PDF version
