Insurance & Investments
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March 31, 2023

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With over 84% of assets in the top 2 quartiles, Empire Life ranked 2nd in 2022 by Investment Executive

Empire Life segregated funds featured in Investment Executive article “Stock picking supports segs in 2022”

Successful stock picking in 2022 resulted in wins for the Empire Life investments team. The March 2023 Investment Executive article highlights how our fund managers focused on U.S. and Canadian stocks, energy, and shorter duration fixed income while being underweight in technology.

Please note this article is only available in English.

Read the article

Enhanced Term Exchange Program adds even more flexibility

Policy owners with a Solution 10/15/20/ART coverage can now exchange their term for a new longer-term coverage within the first seven years following the original issue date of the policy.

Download the brochure

Participating Account Q4 Summary

The Empire Life participating fund offers the possibility of receiving dividends¹ each year and has demonstrated a strong track record for success, highlighting the performance and stability our participating plans can offer. Historically, we've been able to achieve:

5.29% return in 2022
6.54% average return over the last 10 years
7.37% average return over the last 30 years

In addition to our participating fund performance, our participating life insurance plans have guaranteed premiums and cash surrender values–providing an excellent opportunity for many Canadians.

Consistent returns with a conservative investment approach have made Empire Life participating life insurance plans 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.

View Summary

¹Dividends are not guaranteed. They are paid at the discretion of the board of directors and will vary—upward or downward—depending on future experience. Par returns include returns on par surplus and are not actual returns to policyowners.

Increased flexibility and choice with Solution 15^TMTerm Life Insurance

For budget-conscious clients, Solution 15 Term Life Insurance may offer the perfect balance between a longer duration than Term 10 and a more affordable price than Term 20.

Our average market price ranking is #2 for Solution 15¹

Empire Life achieves top 5 rankings for 100% of age, premium bandings and gender scenarios for all Solution Series products!

Learn more about Solution 15

¹ Rankings for Solution 15 are based on the initial term premium rates on Feb. 4, 2023, with the initial annual premiums of 9 other comparable term 15 products shown on LifeGuide quotes obtained on Feb. 4, 2023, for the same life insured and amounts indicated. Rankings for Solution 10 and Solution 20 are based on LifeGuide quotes obtained on Feb.1, 2023 against over 20 comparable products for premium bandings and gender scenarios.

Now available on demand:

Financial underwriting and larger case handling

This session dives into steps that can be taken to facilitate the underwriting process for larger cases, as well as an overview of financial underwriting at Empire Life. We will explain how to leverage the Tax, Retirement and Estate Planning team to expedite the process. And, to summarize, some case studies will highlight do's and dont's that can help expedite underwriting of future cases.

The webinar is also available in French.

Watch the Replay

CE credits: Pending.
To receive their CE credit, attendees must attend the entire session and pass the quiz after viewing the webinar.

2023 Commission Bonus Program:
Back for another year! Get rewarded in two great ways with Empire Life

We know that many of your clients may have uncertainties about their investment savings during periods of volatility and economic uncertainty. And to reward you for helping your clients better understand how a segregated fund can help alleviate some of these concerns, Empire Life has TWO bonus programs:

Empire Life GIF Growth Commission Bonus
Until December 29, 2023, earn a commission bonus for actively promoting the value of Empire Life Guaranteed Investment Funds (GIF) to new and existing clients.

Empire Life CI Concentric Commission Bonus
Until June 30, 2023, earn a commission bonus for promoting the value and features of Empire Life CI Concentric GIF (Concentric GIF).

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Off the cuff with Albert Ngo
Navigating uncertainty - A fixed income update

We are certainly in confusing times. The market appears dependent on the Fed; the Fed is dependent on data; and the data is dependent on an economy that has been difficult to predict. Where this market ends up, will ultimately come down to the path of both growth and inflation, which are unpredictable.

In this Off the Cuff video, Albert Ngo, MFE, Senior Portfolio Manager, discusses inflation, economic growth and possible outcomes for the market.

Watch the Video

Easy access to your client's tax slips

Did you know that your clients can instantly access their tax slips on MyEmpire?

Or, you can locate these Tax Documents on the Business Centre. Let us know if you want training on any of our digital tools.

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Your clients can now see MORE details about their Investment Options on MyEmpire^TM

The customer portal now shows your clients more Investment details about their Guaranteed Interest Contracts and Elite/Elite XL plans with Guaranteed Interest Options with a detailed transaction overview of the guaranteed interest options for compound and simple interest investments.

MyEmpire now also shows Net Growth and Transaction History for Elite/Elite XL plans with Guaranteed Interest and Daily Interest options.

See client email

Changes to purchase fee options on certain Empire Life segregated fund contracts

To align with upcoming regulatory changes, the low load (LL) and
deferred sales charge (DSC) purchase fee options will be closed to additional deposits effective on or about May 29, 2023.
These changes will apply to all Empire Life segregated fund contracts, with the exception of the Elite and Concordia Investment Funds contracts (where DSC is the only available purchase option).

Learn more