BridgeForce News (July 11, 2022)
BridgeForce Updates
- Introducing BridgeForce Rewards
- Referral Campaign
- Non-Medical Limits
- BridgeForce Advisors Facebook Group
Industry Headlines
Who has the power?
During a recent webinar I gave on power of attorney for property, confusion among attendees was evident about the roles and responsibilities of an attorney under a power of attorney for property versus a trusted contact person (TCP). This article explains the differences between these two roles, some of the challenges of each role and what powers each has or doesn’t have.
Compliance
Seniors’ Month recap and tips to help advisors’ elderly clients avoid financial scams all year long
In Ontario, the end of June also marks the end of Seniors’ Month, during which we recognize older Canadians and the contributions they have made in their communities. However, older investors remain particularly vulnerable to fraudsters. As an advisor, you can continue to help your elderly clients avoid investment fraud throughout the year with these three basic tips:
Do I have to report a breach?
To check out a 1 minute YouTube video “Obligations for reporting breaches”, click here.
As we saw in February, the first step is to determine the risk of significant harm, and the sensitivity of the information and to notify BFG. Further, many carriers require advisors notify them immediately if their clients are affected.
In March we looked at when and how to notify affected individuals. But when do you need to report?
The OPCC (Officer of the Privacy Commissioner of Canada – https://priv.gc.ca/en/) has a number of resources available to help you determine how to manage a breach.
BridgeForce Compliance News (June 2022)
- Title Protection
- Market Conduct Framework
- FSRA CE Penalties
Previous BridgeForce Compliance News Issues
Advisor Education
BridgeForce-University.com is our On-Demand service 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!
Over 100 accredited presentations are available for you to earn all of the CE Credits that you need for your Licenses and Designations. See presentations from your carriers, PLUS access new information from other experts in the industry that are designed to grow and improve your knowledge and your practice.
Get the convenience of On-Demand, get access to our Live BFG Roadshow Webcasts, and earn all of the CE Credits that you need! Anytime, Anywhere, and on Any Device!
Tech Tips
News
Microsoft stopping service for Internet Explorer
In June, Microsoft will remove all versions of Internet Explorer from Windows operating systems. Canada Life has completed extensive testing to ensure all systems and platforms you need to do business with us will function properly on other browsers. We encourage you to switch your default browser to Microsoft Edge or Google Chrome.
Computer Picks
July’s Recommendations
- Microsoft Surface Pro 8 – $1,299
- Microsoft Surface Laptop 4 – $1,099
- Dell Latitude 3520 – $889
Recommended Computer Specs
- Intel Core i5 (11th Gen or higher)
- 8 – 16 GB RAM
- 256 GB SSD or higher
It is strongly recommended to purchase computers from the Microsoft Store or Dell.
Supplier Company News
Canada Life
Segregated fund policies move to new system in August 2022
We’re continuing to move wealth products to our new policy administration system to ultimately provide you and your clients with a more consistent experience. In August 2022, segregated fund policies with a CAN fund code will move to the new system. This includes all Standard Series, Partner Series and all Preferred Series products. (More information)
Desjardins Insurance
- Critical illness insurance | More point-of-sale decisions!
- Electronic application | Automated ID validation to improve your experience!
- Improvements to the electronic application | Insurability section – Medical questionnaire
- Updated criteria for Express – Without Documents claims
- Mailing of guaranteed investment funds (GIF) statements postponed
Empire Life
- Ask me anything with the Empire Life Investments team
- Corrections: What we can learn from the past
- Downside protection in an uncertain environment
- Empire Life June 30, 2022 Investment Statements
- The BIGGER eBundle Bonus is extended until September 30, 2022!
- Guaranteed Life Protect maximum coverage increased to $50,000 for ages 51-75
- Dividend Scale Announcement for Empire Life Participating Plans
- Better Term at Better Rates
- Estate Planning in the Digital Age: Tips, Traps, and Strategies
- Can Anyone Afford to Lose Half Their Retirement Nest Egg?
The BIGGER eBundle Bonus is extended until September 30, 2022
Earn 15% or 20% more FYC1 on life and health products when you submit the application electronically using the Fast & Full® Life App and clients select and complete the Electronic Health Questionnaire (eHQ) and choose and receive eContract Delivery as compared to submitting paper applications and receiving a paper contract.
Equitable Life
Sales Campaign: Step Up Your Wealth Sales (Jan 1 – Dec 31)
Step up your wealth sales with Equitable Life® and you’ll be rewarded with a growth bonus for doing more business in 2022. Make this year your best year ever with Equitable Life!
Foresters Financial
Financial strength
Rated “A” for excellent balance sheet strength and operating performance 21 years in a row.
Sales Campaign: Foresters All-Star Program (Mar 15 – Dec 31)
We want you to become a Foresters Financial™ All-Star in 2022. All-Star advisors may earn an additional 15% bonus on their Foresters Net First Year Commission (NFYC)!
iA Financial
One of the worst first half-year periods in the history of both the stock market and the bond market!
This week: we close one of the worst first half-year periods in the history of both the stock market and the bond market!
Strong winds are blowing in the financial markets: We have tools to help you
The fear of losing money is an understandably strong emotion, and it’s normal for your clients to have questions on the financial perspective ahead.
Manulife Financial
Sales Campaign: Grow for it 2022 (Jan 1 – Dec 31)
By helping more Canadians get the protection they need, not only will you grow your business, you’ll also be rewarded with an iPad Air.
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.