Empire Life | Insight
Empire Life does not accept paper applications written on a non-face to face basis. We recognize that in some situations it is difficult to meet the client in person, and so we have introduced the Fast & Full™ application process, and this can be used for term non-face to face sales.
Change to contracting requirements
We are pleased to announce that we are changing our contracting requirements to make it easier for you to do business with us.
We no longer require the original paper contracting documents to be sent by mail. Instead, you may email completed contracting documents to contracting@empire.ca.
Adding a servicing advisor to a policy: second revision
Information Circular 2014-13 replaces both 2013-29 and 2014-11. Please review the rules for adding a servicing advisor to a policy, and contact our Customer Service Team at 1 800 561-1268 if you have any questions.
Empire Life reports record earnings for 2013
We released our 2013 year-end financial results. We achieved a record level of earnings with an overall shareholders’ net income of $113.3 million compared to $80.2 million in 2012. Results in the Individual Insurance and Wealth Management business lines improved significantly over 2012.
New Customizable Inheritance Option
We launched an Annuity Settlement Option which offers a no-cost way to tailor how the proceeds of insurance policies are paid out to beneficiaries by allowing customers to choose either a series of guaranteed regular payments or an upfront initial payment with the balance in guaranteed regular payments.
Tax Season 2014: Explaining Segregated fund taxation for non-registered policies
A segregated fund may earn income from interest, dividends, foreign income, capital gains or losses on its investment holdings. Is it any wonder that clients receiving a T3/Relevé 16 slip from their segregated fund investments often have questions at tax time? This document is a great resource you can use when answering their non-registered tax questions.