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Category Archive for: ‘Manulife Financial’

Manulife Financial | Change in segregated fund processing for former Standard Life products

It’s important that your advisors are aware that as part of the former Standard Life Segregated Fund integration, some processes for segregated fund products from the former Standard Life have changed. Changes were made to bring alignment (where possible) to all segregated fund products so there’s one consistent process to follow. To communicate with your advisors, a related article, Change …

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Manulife Financial | Increase to interest rates on debit commission balances

Following the 2017 increase in the prime rate at the Bank of Canada, Manulife has increased the interest rate percentage charged on outstanding commission debt balances. Starting January 1, 2018, the interest rate for outstanding advisor debts will increase from 4.07 per cent to 5.2 per cent annually. If an advisor is currently in a debit position, the change will …

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Manulife Financial | Important changes coming for universal life products

Manulife is changing the pricing of our level cost, universal life insurance products effective September 23, 2017. This impacts Manulife UL Level Gold, Manulife UL Level CIS, InnoVision Level to Age 100 and Security UL. New policies and new coverages with a policy or coverage date on or after September 23, 2017 will receive the new rates. Please refer to …

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Manulife Financial | New procedure for policy conversions and policy splits

We’re writing to share important information about a new procedure we’ve put in place to comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing legislation. The legislation requires us to know our clients, and to maintain sufficient records and evidence in our files to confirm their identity. What you need to know We are legally required to identify …

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Manulife Financial | A New Underwriting Study is Underway

Please be advised that a new underwriting study is underway which serves to enhance our Accelerated Underwriting program in the future. In essence, we will need to order APS’ on 5% of our Accelerated lives in order to monitor any potential anti-selection. The process began last week, and we are generally ordering one APS each day from a case chosen …

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BridgeForce News | February 13, 2017

Newsletter Header Revised 1

HEADLINES Impact of the Genetic Testing Bill on the Insurance Industry CALU released a Special Report in January 2017 on a private member’s bill which is currently being considered by the House of Commons. The legislation, if enacted, would prevent insurers from either requiring a genetic test, or requesting the results of an existing genetic test. This could have a …

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Manulife v 15.13.3 | Feb 3, 2017

Software Update 5

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Manulife v 15.13.2 | Jan 16, 2017

Software Update 5

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Manulife v 15.13 | Dec 31, 2016

Software Update

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BridgeForce News | December 12, 2016

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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 …

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