BridgeForce News | July 13 , 2020
BridgeForce COVID-19 Updates
Given the influx of news surrounding the COVID-19 outbreak we are providing our advisors with a singular website to find current updates and protocols.
Headlines
BridgeForce 2020 PD Days – Presentations now available
New tool helps navigate Covid-19 relief benefits
Online portal breaks down all Covid-19 related benefits, including eligibility requirements
What’s dragging down the Canadian economy as the world reopens?
Along with the rest of the globe, Canada isn’t likely to see the V-shaped recovery that institutional investors were hoping for as it stares down the recessionary road ahead.
BridgeForce advisors can save 15% on Life Design Analysis
Start increasing sales and productivity with the power of presentation
Compliance
Provincial government passes act that legally limits who can use ‘financial planner’ and ‘financial advisor’ titles
The government of Saskatchewan has passed The Financial Planners and Financial Advisors Act, which places legal restrictions on who can call themselves a “financial planner” or “financial advisor” in the province.
Canadian Anti-Fraud Centre Bulletin: SIN Extortion
The CAFC is noting an increase in telephone calls where fraudsters claim that your Social Insurance Number (SIN) has been blocked, compromised or suspended. Fraudsters may add that this is due to your SIN being linked to fraudulent or criminal activity.
RCMP investigating three occurrences of fraud by way of e-transfer scam
The Tracadie RCMP would like to advise the public to be aware of an e-transfer scam in the Acadian Peninsula following three reports of fraud.
Advisor Education
CE-Now On-Demand from CE-credits.ca
CE-Now is the On-Demand service from CE-credits.ca that is unlike any other on-demand service you have ever seen. No narrated slideshows, and no fake webinars, just video recordings of live events!
CE-Now is the CE solution that you are looking for. You get the convenience of On-Demand, coupled with the choice to select any of the 159 presentations available.
Best of all, you can earn all the CE Credits you need for only $300 per year with the Unlimited CE Plan.
Tech Tips
Cyber Security Best Practices for Advisors
COVID-19-related scams are on the rise. In some cases, cybercriminals are using the Canada Emergency Response Benefit (CERB) or ads for protective gear to lure you into clicking links that could steal from you or lock your information. Protect yourself by understanding how you could be targeted, and take some simple steps to shore up your defences.
Computer Picks
- Microsoft Surface Pro 7 – $1,399
Core i5, 8GB RAM, 128GB SSD, 12.3-inch display + Type Cover - Microsoft Surface Laptop 3 – $1,349
Core i5, 8GB RAM, 128GB SSD, 13.5-inch display - Dell Vostro 13 – $1,099
Core i5, 8GB RAM, 256GB SSD, 13-inch display - Dell Vostro 14 – $859 (SALE)
Core i5, 8GB RAM, 256GB SSD, 14-inch display
Where to Purchase
It is strongly recommended to purchase computers from the Microsoft Store or Dell.
Supplier Company News
BMO Insurance
SmartApp now supports 3rd party owners and payors on NF2F applications
Effective immediately, SmartApp now supports 3rd party owners and payors on non face-to-face (NF2F) applications.
Canada Life
eBulletin (July 10)
Canada Life now accepts electronic signatures for Agent of Record change requests, Chinese 2020 Financial facts now available, Crises are trend accelerators: Six market trends happening right now, COVID-19: Helping you help your clients.
Keep moving forward
Now more than ever it is important to be able to conduct business non-face-to-face with your clients. Here is how Canada Life is making it easier to sell insurance without meeting with your clients in person.
Secure delivery of paper insurance contracts
When you deliver an insurance paper contract to your client, you must, as outlined in company policies and guidelines, deliver it by secure means. Secure delivery methods include in person, or by registered mail or trackable courier.
Canada Protection Plan
Cross-sell summer incentive (Jul 6 – Aug 31)
Get MORE from Canada Protection Plan when you combine your client’s Life and Critical Illness application! Every Life application and Critical Illness application settled together on the same client, receive a gift card…
Coming July 20th: The ‘Fastest’ way to apply for our No Medical A-Z Life Coverage
Introducing ‘Fastest A-Z’. Our same No Medical A-Z life products, made simpler and faster for you and your clients. This innovative, new online application eliminates repetitive, non-applicable questions and will soon be the fastest No Medical application on the market!
Desjardins Insurance
Permanent life options
9 different ways advisors can convert and permanently protect their clients with Desjardins’ Life Insurance solutions.
July 31: Deadline to request a reassessment of a contract affected by COVID-19
We expect Dynacare and ExamOne to be overwhelmed with requests for paramedical examinations from every insurance company, which could lead to substantial delays. That’s why we’re changing our deadlines for reassessing insurance applications and contracts affected by COVID-19.
Empire Life
Insight (July 9)
New Solution 25™ Term Life Insurance a new alternative to creditor insurance from Empire Life, Resuming In-Home Paramedical Services, Available on demand: New and Classic Life Insurance Strategies Using Additional Deposit Option, Off The Cuff with Geoff Johnston: What a credit downgrade means for Canada, eSignature Forms Now Available For Non-Face-To-Face Business
Sales Campaign: Summer Fun Contest (Jul 1 – Sep 30)
It’s now easier to apply for the CIPP ROPD Special Offer
In April we launched a new ROPD rider for new CI Protect Plus coverages and followed that up with a Special Offer to add the rider to in-force CIPP policies. To make it simple, fast and easy to apply, there is now a new, shorter Special Offer Policy Change Form that is available on our advisor website. Please also refer to the Information Circular for full details.
Equitable Life
Take emotions out of investing
Taking the emotion out of investing can be easier said then done. Most of us at one time or another have decided upon something strictly because of how we felt at the time, not because it was logical or made good financial sense. I am sure most of us have a good story to tell.
Foresters Financial
Membership Matters (July)
Calm the chaos: how to restore balance to your life, Is your bank working as hard for you as you are?, Practical ways to save for college, Cool summer meals for a long hot summer.
Muskoka Getaway (June 1 – September 18)
Foresters Financial™ would like you and a guest to join us for a relaxing
getaway in beautiful Muskoka from October 2 to 4, 2020.
Humania Assurance
New T100 Without Medical Exam
You’ve been looking forward to it for your hard-to-insure clients and it’s finally here.
iA Financial
Could the quick economic reopening in the United States be called into question?
This week: The record increase in new cases of COVID-19 in the United States raises concerns among public health authorities and could prompt some states to impose new restrictions. On the Canadian side, the announcement of a record budget deficit spilled a lot of ink this week.
La Capitale
The merger of equals between La Capitale and SSQ Insurance is now official
I am excited and proud to announce that the merger of equals between La Capitale and SSQ Insurance is now official. Our new company is the largest insurance mutual in Canada, with more than 3.5 million members and clients. The head office will stay in Quebec City.
Manulife Financial
DocuSign® is the only approved e-signature option for Manulife
With the increase of digital adoption in our new landscape, e-signature capability has been invaluable for keeping both inforce and new business moving efficiently for advisors and their clients.
Manulife | Introducing Digital Fund Facts for Segregated Funds
You asked, we listened! Effective July 10, we are introducing a new customizable digital experience for the delivery of our Fund Facts for Manulife segregated funds which form part of the Point of Sale (POS) materials you and your advisors are required to provide to your clients.
RBC Insurance
Term eApp Enhancements Now Available
Thanks to advisor feedback, we are excited to announce the launch of the enhanced RBC Insurance® term eApplication. With prolonged physical distancing and limited social interaction the norm, these enhancements will make it easier to work with your clients in a digital environment as our eApp can be used with any screen sharing technology you are using today.
Temporary life underwriting changes applies to Term Switch
Last month we communicated an update to the temporary adjustment of the No Fluid and Non-Medical Limits for all RBC YourTerm™ life insurance new business applications up to and including $2,000,000. Effective immediately, we are extending this offer to Term Switch applications for clients aged 18-50 where the face amount of the original Term 10 is between $1,000,001 and $2,000,000.
NF2F solution for non-registered wealth products and UL conversions
As connecting virtually with clients continues to be the new normal, we at RBC Insurance® are excited to announce a new temporary solution that will enable you to complete wealth transactions and universal life conversions remotely.
SSQ Insurance
The merger of equals between La Capitale and SSQ Insurance is now official
I am excited and proud to announce that the merger of equals between La Capitale and SSQ Insurance is now official. Our new company is the largest insurance mutual in Canada, with more than 3.5 million members and clients. The head office will stay in Quebec City.
Life is fast. We are faster.
We know that making insurance easy just isn’t enough anymore. Time has never been more precious, and just like you, your clients want to keep as much of theirs as possible. That’s why we’re launching new products that allow you to go from application to policy delivery in 60 minutes or less*, meaning your clients feel secure almost immediately and you can issue more policies than ever.
Sun Life
NEWSFlash (July)
Tele-interviews not required for some age and face amounts, Rethink how you can help grind down the ACB sooner for corporate Clients, New Business Planning Overview resource for corporate Clients,
Manage Uncertainty with Clients
Following our “Ideas for Uncertain Times” June 11th webcast, we are pleased to share the new Manage Uncertainty website! Help Clients manage uncertainty during volatile markets with solutions that help solve for more dimensions of risk.
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.