NEW: Introducing Empire Life's Growth & Loyalty Bonus Program
Empire Life’s newest insurance bonus rewards qualifying advisors for both growth and loyalty who achieve year over year growth in net annualized FYC from all life and health insurance product sales.
Beginning January 1, 2024, qualifying advisors can earn between 5% to 15% of net annualized first year commission when they submit and settle life and health insurance applications with Empire Life. Earning even more with each consecutive year in the program! Check out all of the details.
Extended for 2024: The Empire Life GIF Growth Commission Bonus program!
Until December 31, 2024, earn a commission bonus for actively promoting the value of Empire Life Guaranteed Investment Funds (GIF) to new and existing clients.
Build and test portfolios with the NEW eVision Investment Illustrator
Designed to make it simple, fast, and easy to create segregated fund portfolio illustrations for your clients, the eVision Investment Illustrator puts the power of portfolio construction at your fingertips.
Built-in risk profile assessment: Complete the questionnaire or select from a list of investor profiles to help start the portfolio construction process.
Robust illustrations: The modern and responsive design provides a visual breakdown of the proposed portfolio’s potential investment growth, historical returns, asset allocation, risk/return profile and fees.
Professional output: Create a customizable, professional portfolio report that you can share with clients.
Policyholder tax reporting for 2023 and RRSP season 2024
Deposits to an RRSP received within the first sixty (60) days of 2024 are eligible as a tax deduction for the 2023 or 2024 taxation year. A tax receipt will be issued stating that this deposit was made in the first 60 days of the year. This year, the deadline for a 2023 tax receipt is February 29, 2024.
Read information circular 2024 for important 2023 tax reporting and RRSP season 2024 cut off dates for all Empire Life investment plans.
Helpful hints for a smooth RRSP season:
You have until February 29, 2024 to contribute to your RRSP for the year 2023 (leap year)
As per CRA rules, only the owner, spouse and employer can contribute to your TFSA/RRSP. We cannot accept money from any other source
Please use the portal for quick and easy deposits and new applications. If you choose to send in paper instead, please ensure to have the account number or application number on the cheque and ensure the cheque has the correct year (i.e. 2024)
Please do not send in duplicates, only send one way (Portal or email or fax or mail)
Expiring term exchange options now available in My Advisor Dashboard
We made it easier to discuss options with your clients who have a Solution Term life insurance policy with an expiring exchange period in the next 12 months.
The 'Expiring Term Exchange Options' report in the Inforce Business Opportunities section lists your eligible policies for our Term Exchange Program.1
Beginning December 15, 2023, Empire Life is pleased to announce that we are enhancing our Adult Short Electronic Health Questionnaire (eHQ) in our popular Fast & Full Life application to reduce the interview time when the client has no significant health history.
Buying a home can be the single biggest decision and purchase your client will ever make.
If covering their mortgage balance when they die is their main insurance need or part of a larger insurance plan, consider using Solution 20®, Solution 25® or Solution 30® term life insurance from Empire Life on its own or add it to another policy. Check out the flyer below on how to build a competitive package that includes disability and/or critical illness coverage.
Pay day is every Friday for advisors (unless there is a statutory or bank holiday during the week). In order for commissions to be reflected on each pay, all outstanding requirements must be in Head Office and the policy settled.
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