BridgeForce News | July 27 , 2020
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.
Is your email secure?
The majority of all email communication we have with advisors, and that you have with your clients, contain personal information which must be safeguarded while in transmission. PIPEDA’s Principle 7 – Safeguards requires that ‘Personal information must be protected by appropriate security relative to the sensitivity of the information’.
We believe TLS (Transport Layer Security, an encryption protocol that protects communications on the Internet) is part of the overall solution to ensuring secure email communication.
Unfortunately, not all email providers or domain hosts have TLS enabled.
BridgeForce Advisors Facebook Group
We know as an advisor it is a difficult yet necessary job to keep up with the demands of social media. This is why we have created a Facebook Group just for you! We will post client-focused content that can easily be shared to your personal or business page. A few samples of what you will find are attached.
How to join:
- Follow this link or search BridgeForce Advisors in groups on Facebook.
- Click Join Group.
- Search through available ads and if one appeals to you just click Share underneath the image.
We will create a couple of new, shareable pieces each week and if you have a topic that you would love to see, please send me an email.
*You have to be an existing BridgeForce Advisor and in good standing to join the group.
Headlines
Protecting yourself from claims when clients are stressed
Keeping abreast of a client’s needs is always part of your job, but it’s particularly important in a downturn, when financial losses can motivate clients to seek compensation through the courts.
Building a book post-pandemic
Building your book of business is a perennial challenge, but this year may present special obstacles — and opportunities — given the pandemic.
Tips to instil client loyalty
The Covid-19 pandemic has tested advisor-client relationships, and a lack of client confidence contributes to the strain, a report from the Investments and Wealth Institute says. Finding ways to help clients gain a sense of control can turn those relationships around.
BridgeForce advisors can save 15% on Life Design Analysis
Start increasing sales and productivity with the power of presentation
Compliance
Trends in Money Laundering and Fraud
This special bulletin is based primarily on FINTRAC’s analysis of COVID-19-related transaction reporting and the Canadian Anti-Fraud Centre’s (CAFC) analysis of fraud reporting, and it highlights areas that may pose an increased money laundering risk associated with the exploitation of the pandemic situation.
FSRA outlines insurance agent misconduct
Over a period of roughly ten months, insurers submitted 52 complaint forms related to agent misconduct to the Financial Services Regulatory Authority of Ontario (FSRA). FSRA published a summary of the results in a report on Friday.
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 – $1,199 (SALE)
Core i5, 8GB RAM, 128GB SSD, 13.5-inch display - Dell Vostro 13 – $1,019 (SALE)
Core i5, 8GB RAM, 256GB SSD, 13-inch display - Dell Vostro 14 – $999
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
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…
Empire Life
Insight (July 23)
New Solution 25™ Term Life Insurance, Resuming In-Home Paramedical Services, eSignature Forms Now Available For Non-Face-To-Face Business, Summer eBundle Bonus, Empire Life Portfolio Management Update, Discover how Class Plus 3.0 is an ideal solution for converting an RRSP into a RRIF, June 30, 2020 Investment Statements, Offer extended! Earn more commission on Empire Life Guaranteed Investment Funds digital deposits.
Sales Campaign: Summer Fun Contest (Jul 1 – Sep 30)
Equitable Life
Extension for completing EZcomplete insurance applications
Effective July 25, 2020, advisors will have more time to complete and obtain the necessary signatures when submitting Individual Insurance applications on EZcomplete.
Fidelity Investments
Foresters Financial
Add LifeCare to your online non face-to-face sales
Now you can offer LifeCare¹ critical illness insurance when your clients apply for any life product on our online non face-to-face platform.
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.
iA Financial
An agreement between European leaders for more economic stimulus
This week, European leaders reach an historical deal and we take a closer look at the most important risk factors to watch in the coming months.
ivari
Continuing education: How ivari can help
By now you know the importance of continuing education to your career – not only to maintain your licence, but for your ongoing professional development. With your busy schedule though, you may not feel you have the time to fit it in. Don’t worry. We’re here to help. With online courses and in-person sessions and webinars, ivari can help you stay on top of your professional development goals.
Manulife Financial
Important: DocuSign is the only approved e-signature option for Manulife insurance
While many of our tools and forms have embedded e-signature functionality using DocuSign®, there are cases where new business and inforce requirements fall outside of our integrated e-signature processes. We’ve increasingly seen advisors submit e-signatures using vendors other than DocuSign® for these requirements and we want to clarify that we cannot accept these as in-good-order.
Decoding financial jargon
Does this sound familiar? A colleague is talking to you about the alpha of one of their investments. You nod your head, but your eyes gloss over. The discussion ends and you wonder what you just had a conversation about.
RBC Insurance
COVID-19 Update on RBC Insurance held L&H policies
Last month, we announced that we would begin releasing all held life and living benefits policies on the 15th of each month while continuing to email the policy schedule page and all settling requirements – for new business, conversions and exchanges.
SSQ Insurance
How can critical illness insurance help you in the event of a cancer diagnosis?
Your financial situation should be the last thing on your mind should cancer strike. With critical illness insurance, you receive a tax-free amount if you are diagnosed with cancer that has a short-term risk of death.
Sun Life
Advisor Best Practices
From brand to Client service, video marketing to Client management, marketing tips and multi-generational Clients, our resources and planning guides cover best practices to grow your business.
It’s about time. We’ve launched Sun eApp officially!
We launched Sun eApp officially on Monday. Our new online application is a great way to place life and critical illness business. It’s easy and fast. Best of all, it handles the details so you can focus on giving your great advice.
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.