BridgeForce News | November 28, 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.
COMPLIANCE
FSCO getting tough on non-complaince
FSCO has released the results of its life insurance agents compliance report for 2015/16. To help brokers quickly find relevant material on specific topics within the Compliance section of our website, we’ve created a new feature called Frequently Asked Questions. Check out the Compliance section of our site for specific information on how to comply with Carrier and FSCO compliance audits, what should be included in your compliance regime, and more.
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
Early Bird RRSP Contest (Nov 14 – Dec 12)
Receive a $25 Visa gift card* for every new contract (min. $1,000 deposit or min. of $100 PAD). Plus, for every new contract (minimum of $5,000) you will receive a ballot for a chance to win a $1,000 Visa gift card.
Canada Life
Life 17 ‒ Questions and answers
We’ve compiled questions and answers based on recent queries about new life insurance products and tax changes coming in 2017.
New policy on payment restrictions
Knowing your clients, identifying the source of funds received on policies and accounts, and recognizing suspicious transactions are all critical aspects of anti-money laundering obligations. Restrictions regarding payment methods have been expanded to help ensure we continue to meet these obligations.
Canada Protection Plan
Webinar: Learn tips and tricks for our new E-Application
(December 1, 2016)
Please join Veronica Logan on Thursday Dec 1st at 3 PM EST as she presents Canada Protection Plan’s Electronic Application.
Desjardins Insurance
2016 Year-end deadlines and closures
As the end of the calendar year is fast approaching we are pleased to provide information regarding the 2016 year-end deadlines and modified hours of operation of our Client Contact Centres as noted below.
Empire Life
Insight
Upcoming G2 Deadline for Underwriting Requirements, Changes to our policy split business rules, Annuity Changes, Register for an Emblem Demo, 2017 weekly advisor pay schedule, Holiday hours and year-end deadlines, End of Empire Life Temporary Partial Waiver of Money Market Management Fee, Get market insights direct to your inbox.
Equitable Life
Competitive Edge
Issue rules for G2 policies, Timeline for future changes, 2017 tax changes resource centre on EquiNet, Application form 350 and the Temporary Life Insurance Agreement, Ensure your applications are complete with EZcompleteEZcomplete “how to” webinars, InsuranceAssist for non face-to-face online applications.
Equitable Life News
Application form 350 and the Temporary Life Insurance Agreement, Issue rules for G2 policies, 2017 tax changes resource centre on EquiNet, DSC Reimbursement Program.
Foresters Financial
Our 2018 conference destination revealed
Foresters Financial™ is excited to reveal the tropical destination for our 2018 Elite Producers’ Conference. Watch the video to learn where we are headed in 2018.
iA Financial
iA CONNECTED
Year-end Processing Schedules, Underwriting pending, Child Module | Available once again, Tax Reform | FAQ, Individual Insurance contracts | New look, Deferred guaranteed income maximization strategy, RRSP Loan | Discount rates starting November 14, 2016, Capital gains and losses | Classic Series 75/75, RESP | Promote it during Education Savings Week!
Manulife Financial
Accelerated Underwriting
Faster and fluid-free! With accelerated underwriting the majority of your clients between 18 and 40 can now get life insurance with up to and including $1 million of coverage without having to meet with a nurse to provide blood, urine and other biometric data. This means an easier, less intrusive experience, faster decisions and a higher coverage amount that is four times the previous limit of $250,000.
Banknote$
Legislative changes increase every mortgage seeker’s need for advice and personal service, A better way to fix a leaky roof in retirement, Manulife Bank clients have the chance to win cash – with Flash®!
Manulife Strategic Income Fund: Update
Watch and listen to a market commentary on the Manulife Strategic Income Fund from Daniel S. Janis III, Senior Managing Director and Senior Portfolio Manager.
Repsource: Did you know?
Have you ever had an advisor indicate they were not aware when inforce notifications were sent to them on Repsource? Have there been times when notifications may have expired and been missed? We can help! Did you know that advisors can receive a reminder email when they receive a notification on Repsource? Here’s how they can update their profile settings. It’s simple, quick and easy.
SSQ Financial
2017 Tax changes
You’ve been hearing about it for a long time… The 2017 tax changes are fast approaching! Here are a few important administrative rules to ensure a smooth transition.
SSQ Newsletter
2017 tax changes, 3 new distinctive SSQ GIFs, End of year processing, New documents in force, Conference tour, Holiday business hours.
Sun Life
Time your business with the new 2017 disbursement schedule
The new 2017 remuneration disbursement schedule includes the closing dates and electronic fund transfer deposit dates for 2017.
Updated underwriting Financial Questionnaire available on November 28
Effective November 28, 2016, a new version of underwriting’s Financial Questionnaire (form E96) will be available on the advisor site.
Welcome to the next generation of life insurance
We’re excited today to announce the launch of our new suite of life insurance products, available for sale beginning January 1, 2017.
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.