BridgeForce News | November 14, 2016
HEADLINES
Valuable offers to our advisors from Advocis
Advocis works diligently to promote and advance the profession. The financial support gained through membership fees, in combination with the strength of a growing membership network, allows Advocis to meet with regulators and government officials to ensure the voice of financial advisors remains influential. Whether you’re brand new in the industry or established in your career, Advocis has much value to offer.
The importance of cyber security
Over the past few years, a growing number of cyber security breaches in the financial services sector have resulted in the theft of consumers’ identities, assets and confidential information. Increased reliance on information technology, coupled with new types of products and services, has made proprietary data and consumers’ personal information more vulnerable to such attacks.
COMPLIANCE
FSCO finds life insurance agents failing to meet their regulatory responsibilities
Life insurance agents are falling short of their regulatory responsibilities in certain areas, and FSCO is handing out more – and steeper – fines to agents who aren’t following the rules, according to FSCO representatives who spoke at the Independent Financial Brokers of Canada’s (IFB) fall summit in Toronto on Tuesday.
SUPPLIER COMPANY NEWS
Assumption Life
Sales Campaign: United We Grow
For each policy placed among our Non-Medical life insurance solutions, Assumption Life will donate $25** to the Movember Foundation!
Webinar: Investment and Retirement products improvements
(Nov 18, 2016)
We will cover the fee reductions introduced on our segregated funds as of November 1 and review our stellar fund performance. We will also be announcing our new preferred client rebate program.
Canada Life
New Wealth Management Operations Update
Information and changes that are essential to your daily business processing, Important reminders that help support your wealth management operations.
Segregated funds bring diversity and strength
New segregated fund options are available November 14. Help bring diversity to clients’ portfolios with a suite of low volatility funds and new experienced fund managers.
Desjardins Insurance
News from DFS
Our pre-screening service is temporarily on hold, Additional use of previous paramedical exam, New PB Tools (pending business tracking tool) features.
Transitional measures
To help ease the shift over to the new tax rules coming into effect on January 1, 2017, the federal government has introduced a relief measure for life insurance applications received by the insurer no later than December 31, 2016. Some conditions must be met in order for the 2016 tax rules to apply.
Webinar: A wave of changes at Desjardins (Nov 7 – Nov 29, 2016)
The purpose of this session is to help you get ready for all the changes that will be taking effect on January 1, 2017. We want to make sure you have all the information you need so you can start preparing for client meetings.
Empire Life
Insight (November 7, 2016)
Register for an Emblem demo, Fast & Full Just Got Faster, End of Empire Life Temporary Partial Waiver of Money Market Management Fee, Introducing Optimax Wealth™ and Solution ART, Annuity Changes, 2017 weekly advisor pay schedule, Holiday hours and year-end deadlines, Policyholder Taxation 2017.
Equitable Life
Equitable Life News
Issue rules for G2 policies, Ensure your applications are complete with EZcomplete, Application form 350 and the Temporary Life Insurance Agreement, Auto-laddering for GDAs, Advisor Rate Discretion Option for GDAs, Engage your social media audience..
ExamOne
The value of an exam / lab combo
We are your partners in more ways than one. While we are proud to be a leading paramedical provider, you might be surprised to learn we are also the leading insurance laboratory. You receive a number of benefits when your paramedical company also completes your laboratory testing.
Foresters Financial
November is Financial Literacy Month
November is Financial Literacy Month in Canada. Organizations and individuals from across the country are invited to participate in events aimed to strengthen the financial literacy of Canadians and empower them to achieve their financial goals. Foresters Financial™ has created a special Financial Literacy Month landing page to help get you started with discussion topics, product information, and shareable content.
Membership Matters (November)
Enjoy a hot cup of goodness, 5 money questions you’re too embarrassed to ask, Celebrating children, Shower a first-time grandparent with love, So good you can’t wait, Thank you for taking care of your family, Healthy Holidays to you.
iA Excellence
Assure&go
The wait is over! Assure&go now gives you access to three of our top selling simplified products within our web sales platform: simplified cancer, life and now our disability income product!
iA Financial
Economic News
This week, we discuss possible economic consequences following the election of Donald Trump to the White House.
Manulife Financial
Investments and Insurance integration updates
We continue to integrate the operations and business processes of the former Standard Life with Manulife. As you will see in the product roadmap below, integrating our segregated fund system is our next major project.
Tax transition rules and Universal Life re-price transition rules
At Manulife, policies that are printed for delivery on or before December 31, 2016 will be considered issued before 2017 and therefore subject to the existing tax rules. The print date appears on the contract beside “This page is effective” and “Your policy issue date”. Please note that this use of “print date” as “issue date” is Manulife’s interpretation of the relevant tax legislation.
RBC Insurance
Could Sarah be your client?
Meet Sarah, a single mother of three who at age 52 has just sent her youngest child off to university, while taking out loans to cover the cost of education for all her children. Like many people, Sarah worries about her children and is concerned about their future should something happen to her. How can we help Sarah ensure her children will not be facing financial strain as they start their adult lives if she’s no longer with them?
Introducing the new RBC Insurance Sales Resource Centre
You asked and we listened! We are excited to launch a new and improved Sales Resource Centre where you’ll easily find everything you need to do business with RBC Insurance. Here are just a few of the highlights you’ll see on the new site: Easy navigation allows you to access information from, Mobile friendly site, Easy forms ordering, Enhanced language toggle.
Sun Life
NewsFlash
New illustration tools available in December, Transition rules: January 1, 2017 Prescribed Annuity tax changes, Sun Life Financial Q3/2016 results, What will you find at the new sunlife.com?
Supporting clients with a new $10 million TIC – Transition rules
We’re pleased to announce a solution to help clients obtain coverage far above the current Temporary Insurance Certificate (TIC) limits. But you have to act now to take advantage of this offer, exclusively from Sun Life Financial.
Information and links to other websites contained in this document are solely for the information and convenience of BridgeForce Financial Group brokers. This information is not intended to provide financial, legal, accounting or tax advice and should not be relied upon in that regard. No endorsement of any third party products, services or information is expressed or implied by any information, material or content referred to, included in, or linked from this bulletin. The approved materials are the property of individual companies used under license and may not be copied, transmitted or used without express written approval. E. & O.E.