Help your clients avoid a common market danger
When Ian Hardacre from Empire Life is articulating what he believes to be the best approach in the current market environment, there is one word that keeps coming up: caution. Political uncertainty continues to dominate the news agenda, valuations continue to rise and rates remain low. Yet, despite all of the risks on the horizon, investors haven’t really reacted.
Entrepreneurial advisors need to find the right balance
If there’s one New Year’s resolution advisors should make, it’s the need to strike the right balance between following their entrepreneurial spirit and protecting themselves from regulatory risk. That’s because advisors, as entrepreneurs, tend to favour the old bottom line, paying less attention to compliance obligations, thus risking their licences, reputation and businesses in the process.
FSCO ramps up compliance measures
The Financial Services Commission of Ontario (FSCO) is ramping up some of its compliance measures this year, focusing on high-risk insurance advisors.
Transitional period for the use of old client identification methods has ended
The transitional period to adopt the new methods to verify the identity of individuals ended on January 23, 2018. You must now rely on the client identification methods outlined in the Methods to identify individuals and confirm the existence of entities guidance. The previous client identification methods, described in Annex 1, will remain on the website for reference only and will be removed in the coming months.
SUPPLIER COMPANY NEWS
A year after Life17
Participating life insurance inforce illustration software coming later this year, How you’ll access inforce illustrations, Taking stock of our participating life insurance offering.
Deadline to obtain a contribution receipt for the first 60 days of 2018
RRSP Contribution: March 1, 2018 at midnight, Receipt of documents at head office: March 5, 2018 (favour emails or faxes), Documents dated and signed: March 1, 2018.
Health Priorities launching Feb 12
Get ready to welcome Health Priorities – the distinctive critical illness insurance from Desjardins Insurance, as well as an upgraded two-in-one Life with CI Advance.
Webinars: A new beginning (January 23 – March 20)
We are excited to bring you Desjardins’ #2018, A New Beginning Webinar Series. We had an overwhelming response to our first webinar on “Introducing Our NEW CI Health Priorities.” Desjardins’ Living Benefits Specialist, Micah Neale discussed, why you should be selling Critical Illness with Desjardins Insurance today! Also, he provided a sneak preview to our NEW CI, Health Priorities.
CIO Conference Call “Thrive even as market volatility makes a comeback”, Policyholder tax reporting for 2017 and RRSP season 2018, Change to Portfolio Profile Questionnaire, MDRT Certifying Letter, Changes to the Frequency of Transaction Confirmations for Retirement Income Payments.
Your Advantage with charitable clients
Advantage Plus participating whole life insurance from Foresters Financial now includes a Charity Benefit provision so your clients can donate to their favorite registered charity.
Say hello to eForms
Clients now have the option to complete and submit our two most popular paper forms online. These forms are the Contact Information Change form (used primarily for address changes) and the Pre-authorized Debit (PAD) for Insurance Products form. This method is simple and convenient, but most importantly it is a secure way for your clients to get their information changes to us at any time, from anywhere.
Our investment products tip the scales
For your clients’ savings and investment products during the RRSP season, think of La Capitale. A number of investment vehicles are available…
Nearly half of Canadians are worried they won’t have enough money to live a full lifestyle in retirement
While Canadians want to live a full lifestyle in their retirement, a majority (62 per cent) are worried about outliving their retirement savings. Despite having various financial tools in place such as RRSPs and TFSAs, almost half are still not confident that they will be able to afford the lifestyle they want. Yet, the majority are missing annuities in their portfolio that can help guarantee an income stream in their retirement.
Dates to remember – 2018 RRSP Season, LEED Gold Certification to SSQ Tower, Investment Statements, Discover the top 10 reasons to offer Term Plus our loan insurance solution, Reminder – Our loan programs are back in 2018.
Rates are rising – take advantage with this great 1 year rate, Coming soon: Your clients’ 2017 guaranteed savings & retirement statements, New Sun Life Illustrations desktop version now available for download, Lower PHI and HCC rates are now in effect for Ontario clients aged 24 and under.
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