Industry News – December 2019
LIFE & LIVING BENEFITS
- Boost your travel insurance sales this snowbird season – more HERE
- Start Your Inpatriates to Canada EASY Training Today
- Visitors to Canada Travel Insurance just got easier – more HERE
- Introducing the Additional Payment Option – NEW on Whole Life – more HERE
- Expect faster turnaround times for Term Conversions – more HERE
- Permanent life insurance explained in 2 minutes – watch the video HERE
- Reduced Term Rates – to learn more, please download The Wave 40.0 and read the Transition Rules.
- SmartApp – secure, easy and fast – more HERE
- High-end, Simplified issue disability insurance – details HERE
- From the studio: the role of technology in life insurance – watch the Webinar
- SimpleProtect can simplify and enhance your business – more
- Easily share client focused insurance content on your social media pages – more HERE
- Insurance Operations Update – details HERE
- Top tools to remain compliant – details HERE
- Get a 200$ gift card – find out how HERE
- New Advisor Assist Program – details HERE
- Marijuana up to 4x a week is a non-smoker – more HERE
- Easy to use referral document ,ask your clients to refer you today – get it HERE
- Discover PRESTO, La Capitale’s quick online life insurance application more HERE
- Eligibility criteria of new immigrants – details HERE
- Pure Series: new life insurance products at very affordable rates – more HERE
- A unique way to complete your clients’ life insurance – The Provider rider is the solution – details HERE
- Now clients can view Solution Series Term Life Insurance Policy online – more HERE
- NEW 10 Pay Par option and No Medical Underwriting up to $750K details HERE
- Get PDUs online by watching webinars – details HERE
- Earn 10% more FYC with the Fast & Full Life App – learn more HERE
- Dividend Scale Change for Empire Life Participating Plans – more HERE
- Insight – Nov. 21
- New PAR account portfolio executive summary – more HERE
- Repositioned Equimax Wealth now available – more HERE
- NEW Corporate Preferred Retirement Solution® client material using Equimax® whole life more HERE
- EZcomplete now available for your non-face-to-face applications
An EZ way to conduct your out-of-town business – more HERE
- Affordable Joint Coverage – details HERE
- More insurance options for live-in caregivers- details HERE
- Term Brochure & 12 Marketing Resources – get it HERE
- Receive a Wellness Report with helpful advice on how to distinguish yourself from the competition – details HERE
- Built-in flexibility for juveniles – more HERE
- Help clients quite smoking – an incentive for a healthy lifestyle – more HERE
- 2 new coverages to its 5575.ca platform – details HERE
- Improved non-smoking definition – details HERE
- Clients with high risk medical conditions – the solution is HERE
- Offer HuGO to your corporate clients who are in good health and want competitively priced term insurance quickly – more HERE
- NEW preselection guide for disability insurance coverage – get it HERE
- Digital Media Tools to help you easily promote products through social media, web and email platforms – more HERE
- Acci-Jet Program now offers a 100% simplified coverage in the event of an illness – get the Sales Starter Kit HERE
- Effective November 29, 2019, ivari will no longer offer our Guaranteed Investment Fund – details HERE
- New & Improved App – get it HERE
- Underwriting risk classifications flyer – get it HERE (log in required)
- More ways to save with combined banding and layering – details HERE
- Juvenile life insurance – New advisor flyer! – get it HERE
- IA Mobile – Improve your clients’ experience – more HERE
- Personalized underwriting based on your client’s state of health is finally here – more HERE
- Improvements to Access Life – details HERE
- Reduction in term life insurance premiums – details HERE
- IA Connected – Nov. 4 | Dec.2
- Disability reprice and product update – HERE
- New client Account Listing Summary Report – view insurance policy and investment contract/account information in one place – Log into Repsource for more details
- Advance notice of change to Manulife’s disability insurance premium rates coming in December
The pricing adjustment will impact Proguard and Venture Series disability insurance products across most cells. The reprice contains both decreases and increases; mainly depending on the product, occupation class and issue age. - Life Lessons – Scholarship Program – details HERE
- E-application – details HERE
- Key Underwriting Tips WEbinar – Dec 4 – register HERE
- The newly improved Term Plus now available in the e-app – more HERE
- Universal Life – Sweet Spots – details HERE
- Improved Term Plus ! More complete, more flexible – more HERE
- 6 tips to protect against suspicious emails – more HERE
- Conversion Privilege: Term Life, Term Plus and CI Insurance coverages – details HERE
INVESTMENTS
- Segregated funds explained in 2 minutes – watch the video
- Online access for BMO GIF clients – details HERE
- BMO lending National Compensation Mortgage Referral Program
- Limited time offer. Now to October 31, 2019 Bring your mortgage to a BMO Smart Fixed Mortgage and get a cash bonus up to $2,500! Ask us for more info HERE
- New Canada Life segregated fund shelf – details HERE
- Brand New CL Seg Fund Shelf – more HERE
- The retirement solutions toolkit has everything you need to know about annuities, lifetime income benefit (LIB) and estate protection solutions – get it HERE
- Change to the calculation and collection of the GIF Insurance Fee – more HERE
- When clients don’t know if their money will last in retirement, they can start feeling uncertain about their future. The Empire Life Retirement & Savings Tool can help ease their concerns. Check it out HERE
- Class Plus 2.1 deposit limit of $25,000 for 2020 – more HERE
- Change to the calculation and collection of the GIF Insurance Fee – more HERE
- Limited Time Offer: Now get a 5% annual Income Base Bonus with Class Plus 3.0 – more HERE
- 8 new Seg Funds – Introducing Multi-Strategy GIFs, making the choice between active and passive management simple – learn more HERE
- Insight – Nov. 21
- Adding 7 new investment accounts- details HERE
- Unique Investment accounts on the market, for the same price as mutual investment funds – details HERE
- Saving and Investments Page – HERE
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Do you have clients looking for growth but are concerned about taking on too much risk? Listen On demand to the Webinar with the Mackenzie Bluewater Team -. Learn about the value of investing in high-quality businesses and how taking a broader approach to fixed income investing can deliver the balanced solution your clients are looking for. Listen HERE
- Updated RRSP to RIF Conversion Forms – details HERE
- The preapproved RRSP loan offer is back – details HERE
- RRSP Discount Rates – more HERE
- Kickstart Your Morning Contest – details HERE
- IA Connected – | Nov. 4 | Dec.2
- Changes Seg. Funds offerings: adding 4 existing funds to selected contracts | capping 7 funds to new deposits and switches-in in selected contracts | losing 12 funds in selected contracts More HERE (login required)
- New! Manulife online access for Investments – Investments clients can now register for Manulife online access and benefit! Watch the how to video HERE
- Terminating the GARS Fund, affected Segregated Fund contracts – details HERE (log in required)
OF INTEREST
- The Autorité des marchés financiers (AMF) recently released ‘A practical guide for the financial services industry – Protecting vulnerable clients‘. This guide outlines possible courses of action to follow to help clients protect themselves if circumstances make them vulnerable or to assist them in dealing with situations regarding their financial well-being.
COMPLIANCE CORNER
- As a result of changes in legislation, the AML and Privacy program templates have been updated – The new programs reflect changes to legislation since the last release of templates in June 2017. Adopting the new programs will ensure you have up to date compliance programs for your practice and will also meet your 2-year review obligation. Be sure to keep a copy of your existing programs for your records.
- Anti-money laundering template: The latest version has been updated to include enhanced suspicious indicators, voluntary self-declaration of non-compliance and updated identification details. Download the new template in the ANTI MONEY LAUNDERING section of the Copoloff Compliance center
- Privacy template: The latest version has been revised to include updated privacy breach processes located in the PRIVACY section of the Copoloff Compliance center Download the new template: Privacy compliance program
- Notice of Replacement – When and for who? Is Replacement Notification Necessary?
- NEW: Advisor Disclosure form– please destroy previous copies and use the one on our compliance page.