BridgeForce News (February 27, 2023)
BridgeForce Updates
Industry Headlines
Keeping the cost of death down
Planning helps clients avoid overspending on funerals, burials.
Compliance
More tough love for advisors
No matter where you are in your career, compliance requirements are a must.
BridgeForce Compliance News (January 25, 2023)
- FSRAO: Full cost reporting coming to Seg funds this spring
- Changes in BC
- Good article from ICBC on AML (Anti-Money Laundering) duties
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
Computer Picks
Recommendations
- Microsoft Surface Laptop 4 – $999
- Dell Latitude 3420 – $909
Recommended Computer Specs
- Intel Core i5 (11th Gen or higher)
- 8 – 16 GB RAM
- 256 GB SSD or higher
Supplier Company News
Beneva
- Clarification regarding Pillar Series Disability Insurance products
- Reinstating an insurance contract
- Reminder: Correctly addressed cheques
- Deadlines for contributions and receipt of original documents. See details
- RRSP Toolbox reminder: consult it for all the tools to make your RRSP Season a success!
- Is real estate still a good investment?
- FundGrade A+ 2022 Award
Canada Life
2022-2023 RRSP and TFSA toolkit
Canadians are looking for financial guidance now more than ever. They need expert advice and the right investment solutions to navigate these uncertain times. Take advantage of RRSP season to kickstart conversations to help steer clients’ savings plans on track. Canada Life is here to help you. a
There’s more time to help your clients save on critical illness insurance!
Thanks to all your great feedback, your clients now have more time to take advantage of our 5% critical illness insurance premium reduction. New qualifying applications received by June 30, 2023, are eligible.
January 2023 market update
The Bank of Canada signals a pause on the horizon
Growing Together with Canada Life (Oct 1 – Mar 31)
You could receive an additional 25% bonus, up to $10,000, on life and living benefits insurance and segregated fund sales placed between Oct. 1, 2022 and March 31, 2023 with our Growing Together bonus offer.
Canada Protection Plan / Foresters Financial
Qualify and earn more!
To qualify for the Loyalty Bonus Program (LBP), you must earn the minimum Net First Year Commission (NFYC) within the calendar year of 2023. To attain the next level in the program, the minimum NFYC must be obtained in each subsequent year! This year’s minimum NFYC is $10,000.
Desjardins Insurance
- Disability insurance | More flexible rules to expand eligibility for people working from home
- Desjardins receives 6 FundGrade A+ awards, including 4 for DFS guaranteed investment funds
Empire Life
- First Piece of Business Rule
- Helping Canadians experience the Empire Life Difference for over 100 years
- New Business: Issue Instructions
- NEW: Child Rider Conversion Application
- Advisor opportunities in this digitally, pandemically & economically changed world
- Multi-Strategy Investor Q4 Commentary
- Financial Markets at a glance infographic now available for Q4
- Two Empire Life investment funds named best in class for 2022
- The Empire for Life Loyalty Program Update
- Staying in the market, not trying to time it, can be the best option for clients
Earn up to 20% more FYC (Ends March 31, 2023)
Until March 31, 2023, 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
Clients can win up to $5,000 in the RSP Grow Your Future Contest (Jan 1 – Mar 31)
RSP season is here and Equitable Life® is giving clients and their advisors a chance to win BIG with the Grow Your Future Contest. This contest is for advisors and clients working together to build wealth that lasts through the ups and downs.
Fidelity Investments
Weekly Market Pulse (February 24)
iA Financial
3 approaches to guide your clients in an unstable market
Your clients are wondering if they should rethink their investment approach and if this is the right time to do so? Here are 3 options to consider in the current climate.
2022 advisors and partners tax documents
Between now and February 28, 2023, your printed tax documents issued by iA will be sent to the mailing address that we had on file on January 10, 2023. If you are not compensated directly by iA, please note that your tax documents are provided to you by your organization and therefore this news does not apply to you.
Your clients aged 50-70: Golden age or gold mine?
Do you see the value in this client base? The banks do! The good news is that everything is in your hands.
Keys to the market | Inflation concerns persist
Here’s what caught our experts’ attention for the week ending on February 24.
ivari
ivari presents…On the go!
Being a life insurance advisor can be tough. Not only do you need to focus on growing and running a successful business, but you also need to stay on top of current trends, rules and regulations. Join host DeeAnn Brinton—and some special guests along the way—as we cover topics to help you successfully run your practice.
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.