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Participating Account Q2 Summary

Despite continued market volatility, our participating fund posted a strong annualized investment rate of return of 5.54% and a solid 10 year return of 6.57%.

What makes Empire Life's participating life insurance great for many Canadians is the combination of:

• Guaranteed premiums
• Guaranteed life insurance coverage
• Guaranteed cash surrender values and paid-up values
• The potential of receiving dividends each year

Consistent returns with a conservative investment approach have made the Empire Life participating plans very successful over the years. It is also why we have never failed to pay a dividend in the history of offering this type of insurance. Our dividend scales are guaranteed never to fall below zero percent and any dividend,
once paid, cannot be taken back.

Download a copy of the summary below.

From the desk of CIO Paul Holba
Is 2022 the rude wake-up call we've been waiting for?

In this latest update from the Empire Life Investments team, Paul Holba reviews the key market events impacting 2022 and beyond. Here are the highlights:

• Accelerating inflation and rapidly tightening monetary policy fueled a months-long-rout among major asset classes, sending U.S. equities into bear territory.
• Bond markets sold off sharply and bond yields increased across the curve as central banks around the world aggressively raised interest rates to combat the highest inflation since the 1980s.
• Many of Empire Life’s multi-asset solutions, such as Emblem GIFs, Monthly Income GIF, and Asset Allocation GIF, benefitted from a more defensive positioning (lower equity allocations) in light of increased economic risks.

Read more about the Empire Life Investments team’s outlook and how the funds are positioned. The team also shares how they are ready to meet today’s challenges head-on, helping to see investors through market volatility and focus on their long-term financial objectives.

Bonds offer historically attractive yields as inflation risks remain
Empire Life fixed income funds outperformed after the worst drawdown in more than 40 years

Bond markets sold off sharply in the first half of the year as central banks around the world aggressively raised interest rates causing bond yields to increase across the curve. Although our fixed income mandates could not avoid losses in this challenging market environment, our positioning helped us preserve capital, compared with our peers, and deliver performance that was in the top quartile for the first half of 2022 and on a trailing one-year basis.

Read the latest commentary from Albert Ngo, Senior Portfolio and Ian Fung, Portfolio Manager to see how they are positioning Empire Life fixed income portfolios and believe the funds remain well positioned for the long term.

Financial Markets at-a-glance infographic now available for Q2 

The Financial Markets at a Glance infographic provides a high-level, visual way to explain the past quarter’s market changes to your investors. It presents a brief overview of world events and their impact on global markets. Easily digestible bits of information are broken down by Canadian, US, global equities and fixed income using colourful graphics and symbols so you can give your investors a big picture overview of what happened in Q2 2022. 

Now available!

Multi-Strategy investor Q2 Commentary and Advisor Holdings Update

Dave Paterson, Portfolio Manager shares insights on market action in the second quarter of 2022, commenting on the market decline that started in the first quarter of the year, inflation, soaring prices and the prospect of a slowing economy, resulting in almost all equity and bond markets ending the second quarter sharply lower. Dave also provides his review of Q2 world events, their impact on the equity markets and his management of the Empire Life Multi-Strategy segregated fund portfolios in language that’s suitable for your investors. 

Updated Empire Facts now available!

Empire Life fund facts are now available with updated financial information as of December 31, 2021, please visit the prices & performance page to download the latest documents. You can now create a custom fund fact booklet by simply selecting your funds and clicking Download Fund Facts.

Are you making the best use of My Advisor Dashboard?

We have created a how-to video for the My Advisor Dashboard. In less than three minutes, you will discover all the tools within the portal to help your clients in the most efficient way.

You can access this video anytime under the quick links on the left of your My Advisor Dashboard. 

Empire Life insurance claim metrics 2021

In 2021, we prospered in many areas including helping customers by being there when they needed us most by paying out $220 million in total life insurance death benefits. We also achieved a 99.4% claim rate with an average processing time of only 3.5 business days for express claims.

Incorporating inflation into financial planning

A properly structured financial plan can help provide direction, options, peace of mind, and predictability. It can help
you understand the impact of inflation over time on your ability to reach your goals and do what you want to do. Check out and share this infographic.

Immediate financing arrangement

Protect your estate without foregoing business or investment opportunities. The Immediate Financing Arrangement is a financial strategy that provides an opportunity for individuals and incorporated business owners to obtain the permanent life insurance coverage they need while still preserving cash for investment or business opportunities. 

New Business and Policy Change (Excluding Underwriting) Email Update

In order to streamline our email process, we will now have emails sent directly to our processing team. This will allow us to bypass our Customer Service team and decrease our overall handling time.

Effective September 1st, 2022, when you receive an email from our Insurance operations, it will be sent from ind_newbusiness@empire.ca. All replies to ind_newbusiness@empire.ca will be directly received by our Insurance Operations, who is processing the new business application or policy change.

Our Customer Service team will continue to assist on any new requests and/or status updates.

Case in Point

In this Case in Point, Alex Papale gives readers valuable information to guide incorporated professionals, and particularly young professionals, on the positioning of life insurance policies. Through a case study, you'll review tax and practical considerations that will allow you to increase the value that you can bring to those clients.

Diverting tax dollars to charity

Discover a tax-effective method for recovering tax dollars for your beneficiaries by diverting tax dollars to a charity.