INDUSTRY NEWS – DECEMBER 2017

LIFE & LIVING BENEFITS

  • IMPORTANT COMPLIANCE  REQUIREMENTS  effective immediately :
    Due to new contractual obligations with some carriers, the Reason Why Letter/Summary of Sales must now be included as part of your practice with all applications.  Therefore the Acknowledgement and Confirmation of Decision form has been revised to meet this requirement of providing the reason why the product was sold and how it meets the client’s needs and objectives. This form must be complete with detailed answers, please destroy previous versions of this form as they will no longer be accepted.  All forms have been updated in the compliance section

  • Cost-efficient Whole Life solution for your healthy clients! – details HERE
  • Product Changes – details HERE
  • Not all simplified CIs pay 95% of all CI claims – Critical Protection does – details HERE
  • LIA E-app – details HERE
  • LIA Q&A – sales platform LIA

  • NEW Term rates! NEW Term plans. Perfect time to streamline your business with BMO SmartApp – details HERE
  • Updated Face-to-face Application for Life Insurance and Critical Illness – details HERE
  • Smart App is HERE

  • Revision of Disability Rates – details HERE
  • High-end, Simplified issue disability insurance – details HERE

  • The new life-only paper application
  • Updated Living Benefits Software – get it HERE
  • Identify your clients needs with the Needs Analysis Calculator – get it HERE
  • StartRight Disability Insurance Grad Program is in Full Swing – details HERE

  • New Inforce Forms – details HERE
  • T10 sweet spots – details HERE
  • Do your clients have enough coverage? Read this special Market Report
  • Saskatchewan Provincial Sales Tax – details HERE

  • Simplified Life Insurance with AccessLife – details HERE

  • Ready to share content for clients – details HERE
  • Underwriting Update – details HERE
  • A new way to share marketing material – details HERE
  • It’s even easier to use E-App – details HERE
  • VIDEO Telus Insure app  –  click HERE Easier to use, more efficient and intuitive interface  |  Works on all devices, including tablets and iPad  |  A faster signature process,  allows for digital signatures on the pages required

  • IA Connected –November 16
  • Answers at your fingertips: ACB, beneficiaries, policy summary – details HERE
  • EVO platform – details HERE

  • Term and Reprice Changes- details HERE
  • Changes to Universal Life – details HERE
  • Now in effect: Insurance forms and process changes due to CRS and AML – details HERE
  • E-application – details HERE
  • Lifecheque Basic Critical Illness – Easy Acceptance – details HERE

  • October Newsletter – HERE
  • Term Rate Reductions – details HERE
  • Critical Illness – details HERE
  • Universal Life for Children – details HERE

                                                                                       Check out the Copoloff Calendar HERE

INVESTMENTS

  • You and your client no longer need to apply for GIF 100/100 Prestige Class – details HERE
  • SPIA RPP Additional Information Form and Application – Read more

  • End of Transfer Fee Reimbursement Program – details HERE

  • 6 New Seg Funds – details HERE

  • IA Connected –November 16
  • New solutions for investing at a low cost – details HERE
  • Reduced Management Fees on Series 75/100 – details HERE

  • Monthly High Income Fund – details HERE
  • 2017 Year end tax planning tips – details HERE
  • Manulife launches Transfers Within GIF Select – details HERE

COMPLIANCE CORNER

  • IMPORTANT  REQUIREMENTS  effective immediately :
    Due to new contractual obligations with some carriers, the Reason Why Letter/Summary of Sales must now be included as part of your practice with all applications.  Therefore the Acknowledgement and Confirmation of Decision form has been revised to meet this requirement of providing the reason why the product was sold and how it meets the client’s needs and objectives. This form must be complete with detailed answers, please destroy previous versions of this form as they will no longer be accepted.  All forms have been updated in the compliance section
  • Notice of Replacement  –  When and for who?  Is Replacement Notification Necessary?
  • Revised: CLHIA Reference Document – get it  HERE
  • Changes to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations – details HERE
  • NEW: Advisor Disclosure  – please destroy previous copies and use the one on our compliance page.