Doing business with Canada Life - Temporary relaxed requirements for DI
For ages 18 to 40, we'll determine medical evidence requirements only on the base monthly income benefit (MIB) amount applied for. We will not add 25% of the future insurability option (FIO) amount back into the base coverage amount for evidence calculation purposes. Visit Your complete guide to doing Canada Life insurance business to learn more about relaxed medical requirements and other temporary underwriting changes. Connecting with clients - Best practices for working virtually with technology
There are many challenges in attempting to work virtually and adjust how you interact with your clients, that’s why Canada Life created a guide to help you remain compliant as you conduct business virtually from home. The guide covers topics such as best practices for working from home; how to safely send personal information and files electronically and the associated risks; how to obtain signatures from clients, conduct video calls and encrypt emails for security; and tips for getting started with software you can use to do business virtually. Remember, even when you’re working from home, you’re still required to maintain your client's confidentiality and the security of their sensitive information. Visit our Best practices for working virtually guide to learn more. Staying connected and staying strong - Join us on This week with Canada Life
This week with Canada Life is a weekly call hosted by Mike Cunneen, Senior Vice-President, Independent Distribution and Wholesaling every Wednesday at 1 p.m. EST. · This week, we received an update from Christian J. Galipeau, Senior Investment Director, Global Investment Strategies, Putnam Investments, on the US market. We were also joined by the Honourable Perrin Beatty, President and Chief Executive Officer of the Canadian Chamber of Commerce, who talked about the recent government support announcements for small business owners and how the Chamber is supporting Canadians through the Canadian Business Resilience Network (CBRN). · If you missed the call, listen here. · Don’t forget to register for next week’s call – we look forward to connecting with you then. Helping Canadians through COVID-19 - Continued financial relief with group health insurance premium reduction adjustments
Today, Canada Life announced that we’re cutting group health insurance premiums for employer-sponsored non-refund group benefits plans to support Canadians and small businesses facing hardship as a result of the global COVID-19 outbreak. Beginning in May, Canada Life will apply premium reduction adjustments for the month of April, retroactive to April 1st. Eligible group customers will see their applicable premium reduction adjustment credits applied to their May invoices, as per following rates: - Dental: 50%
- Vision and Extended healthcare (excluding prescription drugs): 20%
For more information on the financial support for both you and your clients, see here - New videos: Canadian Business Resilience Network
- The Canadian Business Resilience Network, the Canadian Chamber of Commerce’s new campaign to help business owners navigate through COVID-19, has released 2 new videos.
- The first is about taxes and finance for non-essential businesses – what they can do to get their finances in order right now.
- The second is focused on government programs that will help the Canadian workforce get to a period of recovery.
- Check them out on the COVID-19 landing page under Supporting our Communities and share them with your impacted clients.
Continue to reference the COVID-19 landing page for current information supporting you in your business today. | 