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So far Torce has created 27 blog entries.

Canada Life: Concourse 3.5 – Effective May 28, 2018

2018-05-28T15:38:16+00:00May 28th, 2018|

Canad Life Concourse 3.5 Effective May 28, 2018 1 Attachment: Concourse 3.5 Updates Direct Download Link  New with this release: The 2018 dividend scale changes including increased dividend scale for all participating life insurance policies issued on or after Jan. 1, 2017. Updated Enhanced Coverage Option maximums as well as additional deposit option maximums for these [...]

Recent Illustration Software Updates – March/April 2018

2018-05-08T19:54:28+00:00May 8th, 2018|

Assumption Life  LIA 9.0 Effective May 1, 2018 1 Attachment: DI Improvements  New with this release: New and improved Disability Insurance Credit cards now accepted as loans No restrictions on loan terms Withdrawal of pre-existing conditions Combine DI based on Employment Income and DI based on Loan New limits for DI based on Employment Income [...]

iA – AODA Mandatory Information

2017-12-27T14:28:00+00:00December 27th, 2017|

TO:  ALL ONTARIO BROKERS  In June 2005, the Government of Ontario passed the Accessibility for Ontarians with Disabilities Act ("AODA"). The purpose was to create a barrier-free province by 2025, by incorporating standards that promote dignity and independence for those with disabilities. The OADA is built around the core principles of independence, dignity, integration and equality [...]

Canada Life – What you need to know about LICAT before Jan. 1, 2018

2017-12-19T16:59:56+00:00December 19th, 2017|

On Jan. 1, 2018, the Life Insurance Capital Adequacy Test (LICAT) guideline replaces the Minimum Continuing Capital and Surplus Requirements (MCCSR) guideline. LICAT is a new regulatory capital framework for the Canadian insurance industry. The Office of the Superintendent of Financial Institutions (OSFI) establishes capital guidelines (including both LICAT and MCCSR) which federally regulated life insurance companies must [...]

2017 Year-End Closing Dates

2017-12-18T19:21:38+00:00December 18th, 2017|

Please find the 2017 Year-End Closing Dates below for each insurance company.  You must submit all requirements (including cheques) to TORCE New Business office by the following dates to guarantee settlement for year end.

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