| NEWSLETTER - November, 2000
Kim's Korner
I am so excited!! There
are so many great things happening this fall that I don't know where to start. (Yes, I
survived my 40th birthday. Thank you to everyone who passed along their best wishes - it
was tough going wrapping my mind around a new number, but I survived).
I suppose the most
significant announcement for us is our new partnership with Simon Jackson Insurance Broker
Limited. We have amalgamated with this very experienced office to expand our services and
products for our brokers. We will now be offering AIG, Industrial Alliance and Zurich to
you, our valued associate. We will also be working to provide you with excellent
educational opportunities and outstanding sales and backroom support. Our office will not
be moving, nor will we be changing our name. We will continue to work as independent
offices offering a larger insurance portfolio and expanded support services to our
Associates. We will be hosting a formal Launch to introduce you to the principals at Simon
Jackson Insurance; Simon Jackson and Stephen Tung; as well as the carriers we jointly
represent. Invitations with all the details will be sent to you shortly. I welcome your
comments about this partnership, so please feel free to contact me.
As you are well aware
Transamerica Life acquired ING Life (NN Life) earlier this year. The merger and
integration are scheduled to be completed by the end of the year. At that time, ING/NN
logos and names will no longer exist. Effective January 1, 2001 the company will be known
as Transamerica Life of Canada. Within the next few weeks agents who hold contracts with
these companies will be notified by Transamerica that they will only be able to hold one
contract come January 1. Brokers will be asked to choose which MGA they wish to continue
working with if they currently hold contracts with separate offices. Certainly we would
hope that you will choose our office if you need to make a choice. Those of you who hold
both your Transamerica and NN contracts with our office, we will be using your
Transamerica code starting in the new year. If you hold one of these contracts elsewhere,
please contact either Karmin or myself to discuss the benefits and opportunities of
choosing to use Taylor for Transamerica business now and in the future. You may qualify
for the increased override of 180% which will be available on Transamerica business
effective January 1.
OSFI recently released
their guidelines for new reserving requirements for segregated funds. In all likelihood
this change will have a profound impact on many companies' segregated funds expenses. A
very good article about this was recently published in the Insurance Journal. Companies
like Transamerica are evaluating the impact of these new requirements and will be making
the necessary adjustments to their GrowSafe funds and affiliated funds. A new GrowSafe
family of funds will be launched January 1 with 3 levels of protection offered. Please
watch our communiqués for details.
I am also very excited
with our new Website. It has been completely revamped and updated. It will be live by the
end of October so check us out. Use it to get quotes, supplies and product information. If
you have any suggestions on how we can improve it for you, please let me know. We are
always looking for ways to improve our services.
This fall brings RRIF
and annuity season, not to mention RRSP season. Please note that we are hosting a series
of Investment Seminars to prepare you for these sales opportunities. Please note that
Industrial Alliance offers a segregated fund RRSP and through Open Access, group RRSPs are
available. Don't miss out - register your attendance with Indra soon.
This fall promises to be
fast paced, informative and mind blowing. Hope you're ready for a great ride!!
Kim Stanley
Download the entire
newsletter, including seminar schedules and sales concepts
Would
you like to be on our mailing list?
Send
us an e-mail with your name and contact information.
|
