eBulletin: January 21, 2021
Submitted by Victoria on January 21, 2021 - 3:24pm
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PDF version | Thank you for doing business with Canada Life. Here's the latest issue of the eBulletin from Canada Life with information to help you in your business with us. Please forward to your advisors where appropriate. |
RRSP season is here – check in with your clients today
- 2020 was unpredictable. Help make sure your client’s financial future isn’t
- Check out our marketing toolkit for new materials to help your client conversations this RRSP season, including enhanced concepts, social media posts and information on our new Risk-Managed Portfolios
- This year’s contribution deadline is March 1. So, don’t wait! Get your clients invested today, so they can save for tomorrow
| Modernizing our policy administration systems
Most G1 and G2 term life insurance policies sold before Jan. 1, 2017, are migrating to our new insurance policy administration system soon.- Effective Jan. 25, 2021.
- Changes to combined PADs and lead-time processing for these policies.
- Term-to-age 65, extended term life insurance policies and non-par permanent policies like Dynaterm won’t move at this time.
| Wealth Operations Update
- FATCA/CRS Tax Status Self-Certification required - Address changes to and from a non-Canadian address or between foreign nations
- Information folder, addendum and form updates
- Change to printed fund code lists effective January 2021
- Form Update: Claimant’s Statement
- Changes to New Brunswick LIF Pension Regulation
| Insurance Operations Update
- Form Update: Claimant's Statement
| Fundserv Segregated Fund Enhancement
- Beginning Jan. 26, 2021 Canada Life™ will be accepting the EFT settlement option for Fundserv participants when placing wire order purchases.
- These enhancements will eliminate the need for personal cheques.
- This will streamline the MGA process making it more convenient to act on the client’s behalf.
- The EFT settlement option will mean less paperwork, faster processing times and make it easier for clients to do business with Canada Life.
| Your resource for conducting business digitally
- We've moved to a much more virtual and digital way of connecting with clients and conducting business, as a result of COVID-19
- This is your source for everything you need to continue to conduct business in a virtual environment while also giving you updates to processes as our communities continue to reopen
- Resources include news such as paramedical process updates, digital business guides, frequently asked questions, tips on connecting with clients virtually and recordings of every This week with Canada Life call
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