INVESTMENTS NEWS

Now available on demand:
A few year-end tax tips and strategies

To some, tax planning is a year round exercise. For many, it makes sense to take stock periodically at certain times of the year and in particular, capitalize on tax planning opportunities that are available until Dec. 31st.

This session covers a few year-end tax tips and strategies for individuals and business owners that advisors should consider in their year-end communications with clients.

Off the cuff with Harsh Narsinghani:
The race to incentivize domestic chip manufacturing

Over the past decade global chip manufacturing and the technological knowhow to manufacture the most advanced chips have become quite concentrated amongst a small number of companies in a few locations, namely TSMC in Taiwan, and Samsung Electronics in South Korea. In addition to this concentration, the recent US-China geopolitical tensions and semiconductor shortages have made chip manufacturing a strategic issue for many countries.

Harsh Narsinghani discusses the geopolitical impacts on the semiconductor supply chain and its potential beneficiaries.

 

Give your clients the gift of guaranteed retirement income for life!

9 of 10 Canadians want guaranteed income for life. Shifting demographics and the economic realities of today mean more Canadians than ever before are looking for a secure source of retirement income.

When your clients invest in Class Plus 3.0, they are guaranteed to receive a predictable monthly income that is guaranteed for as long as they live.

New for 2022! 

Empire Life is pleased to announce a $25,000 deposit limit for existing Class Plus 2.1 contracts in 2022. 

Build resilience with the right diversification strategy

By combining distinct asset classes within an investment portfolio you have the potential to reduce or limit overexposure to any single asset, region, or sector. Here are a few strategies that may help:

• Invest in the world for a smooth journey
• Break the cycle through a variety of industries
• Look beyond the surface to help balance risk and reward

From conservative to aggressive, Empire Life has a wide range of segregated funds to help meet your clients’ needs. Find out how these diversification strategies may help to deliver the outcome your clients are looking for.

The Empire Life GIF Growth Commission Bonus program has been extended for 2022! Earn a commission bonus for actively promoting the value of Empire Life Guaranteed Investment Funds (GIF) to new and existing clients. More details to come. Please contact your Empire Life Investment Account Executive for more details.

INSURANCE NEWS

Please join us for our next TRIIPSS Webinar:
Intergenerational wealth transfer and
life insurance for kids

The transfer of wealth to succeeding generations is about much more than money. It can be an expression and transfer of values.

This session covers some of the important factors that impact where wealth goes, who the decision makers are and how values can be expressed as part of the
things that are passed down to heirs. Through a series of case studies advisors will learn strategies using life insurance for kids to help aging clients in the establishment of the estate and tax planning process.

• Date: December 16, 2021
• Time: 2:00 p.m. to 3:15 p.m. EST
• CE credits: Pending
• Replay: Access to replay will be provided after the webinar

The Fast & Full Life App: powered by your feedback!   

The Fast & Full Life App has come a long way since it first launched in 2014. Since then, there have been over 4,000 enhancements made, including over 750 in 2021 alone!

Many of those improvements have come as direct result of your feedback, including enabling users to save time by pre-filling non-health related client information prior to client meetings. Also, adding new payment options such as paying at issue and allowing third-party payers. 

You still have time to take advantage of our NEW BIGGER eBUNDLE BONUS and earn up to +20% more FYC when you submit new life and health insurance applications via Fast & Full when clients select the electronic health questionnaire (eHQ) and eContract Delivery options. Offer ends December 31, 2021! Learn more.

Now available: Quarterly Par Report for Q3 2021

The quarterly Par Report for Q3 2021 is now posted and available on our advisor site. Here are some highlights:

• Assets under management are $919.7 million
• Equities now represent 25.4% of assets
• Bonds make up 66.3% of the assets

Annualized rate of return is 7.94% as of Sept. 30, 2021. 

Five reasons every Canadian should make a (legally valid) Will

Making a legally valid Will is a crucial aspect of estate planning. Whether it’s to maximize the estate you leave behind for the next generation, or to make sure your wishes are carried out the way you planned, making a Will is vital.

No matter what stage of life you’re at, we are here to help  with your financial planning. Check out the blog post on 5 great reasons you should make a Will.

Access some of the most popular features on the Business Centre directly from the
My Advisor Dashboard

The newly added Business support section on the My Advisor Dashboard allows you to quickly and easily access the most popular Business Centre features directly from the dashboard home page. This means you no longer have to go to the Business Centre to view client and policy searches, reports and more.

The new section also gives you access to other features that allow you to perform functions such as completing client, policy and general business searches, generating ad-hoc investment statements and viewing contract and compensation details.

Not registered yet?

CORPORATE NEWS

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.

2022 weekly advisor pay schedule

The 2022 Weekly Advisor Pay Schedule is now available. See the Information Circular for details.

Year-end cut off for Class Plus 3.0 Income Base Bonus Eligibility

All Class Plus 3.0 contracts will receive the one-time 4% annual Income Base Bonus on December 31, 2021, if no withdrawals have been made in 2021. The year-end cut off for deposits into Class Plus 3.0 to receive the annual Income Base Bonus is December 31, 2021 at 4:00 p.m. ET. This includes FundSERV trades, transfers from other institutions, and cheques submitted directly to Empire Life. There will be no exceptions for deposits received after this cut-off.

Unsettled wire order purchases placed before December 31, 2021 at 4:00 p.m. ET will qualify for the annual Income Base Bonus, and the Lifetime Withdrawal Amount (LWA) will be adjusted when the trade settles.