Advocis | Monthly Update
Summer is the perfect time to invest in your professional development.
Why you need to help millennials understand life insurance
Financially, millennials have a lot on their plates, from paying off student debt and managing day-to-day expenses to buying houses for their growing families. So it’s not surprising that they may be forgetting something else: life insurance.
Effective March 1, 2016, all individuals who obtain an insurance licence in British Columbia are required, under Council Rule 7(5), to complete the Council Rules Course during their first licence period.
It has come to Council’s attention that a significant number of licensees who obtained an insurance licence between March 1, 2016 and February 28, 2017 (“New Licensees”), thereby requiring them to complete the Council Rules Course by no later than June 1, 2017, failed to meet this continuing education (“CE”) requirement. Council is concerned by the noncompliance with this requirement, as it believes it is important that all New Licensees be aware of their regulatory responsibilities.
Enhanced Financial Account Information Reporting to CRA on Insurance and Annuity Contracts (Advisor Version)
The following information has been prepared to help clients of Canadian financial institutions and their advisors understand Enhanced Financial Account Information Reporting and how it might affect them. This document should not be construed as tax, legal or financial advice. Client version.
SUPPLIER COMPANY NEWS
Introducing the NEW Fast & Full Investment Application, The Fast & Full Life Application saves time- Take a tour now, Advisors can save time and earn $50 with eContract Delivery, T+2 transaction settlement cycle beginning September 5, 2017, Life Insurance Articles to Share with your Clients, Empire Life launches Website to help Canadians with Life & Money Matters, GIF Application Error.
Introducing the Fast & Full Life Application Test Site
The Fast & Full Life Application process was developed to help advisors across Canada experience an easy-to-use, web-based tool that fast tracks the life insurance application and approval process. Our test site was also designed with advisors in mind. The test site allows advisors to give Fast & Full a test drive. Benefits include…
Print a client summary from EquiNet, Equitable Life® to accept beneficiary designations on electronic applications, Term exchange FAQ, Updated! Universal life fund facts, September is Life Insurance Awareness Month.
Housing trends and opportunities market report
Did you know less than half of first-time homebuyers were offered other types of financial products such as lines of credit, bank accounts or mortgage life insurance when dealing with their mortgage professional? Get helpful sales ideas on how to position yourself as a mortgage-protection expert and grow your business with the new Foresters Financial™ Housing Trends and Opportunities Market Report.
Mortgage protection built for you
Purchasing a new home can be both exciting and stressful. For many people, a mortgage is the largest investment they will make in their lifetime. But would your loved ones be able to cover mortgage payments if something unfortunate were to happen to you? Don’t let worries like this add to the stress of purchasing a home. Term life insurance from Foresters Financial offers an affordable solution to mortgage protection and can be tailored to meet your unique needs.
Is your client self-employed?, RESP: New default electronic services subscription, In September, discuss RESPs with your clients, EVO – A 100% electronic process to simplify your work day.
Webinar: iA RESP Training (August 30, September 5, 14, 21)
The RESP is a financial tool specially designed to accumulate savings to be used as a financial resource for a beneficiary’s post-secondary education. As with an RRSP, the federal government allows the investment income to grow tax-free until the money is withdrawn from the plan. Join your Inside Sales Associate for RESP Training.
Be a pro… Win a Pro!
Be a pro…by using InsureApp from ivari. Get your business settled quicker, so you get paid sooner and your clients protected faster!
Win a Pro…each time you submit an eligible InsureApp, you could win an iPad Pro! Submit an eligible* InsureApp between August 1st and October 31st, 2017 and you could be a winner!
Upcoming changes for universal life products
Manulife is changing the pricing of our level cost, universal life insurance products effective September 23, 2017.
Increased FYC ends October 31st
Hurry! The deadline for increased FYC on The Fundamental Series® ends soon! For a limited time, you can earn an all-time high of 60% First Year Commission on for ALL new applications submitted before October 31, 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.