2013 News Archive

Empire Life launches online life insurance application

Kingston, Ontario – The Empire Life Insurance Company (Empire Life) has introduced a new online life insurance application with full underwriting to make it easier and faster for Canadians to apply for affordable insurance coverage.

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Posted Date: December 4, 2013

Empire Life named Best Life Insurance Company in Canada

Kingston, Ontario – The Empire Life Insurance Company (Empire Life) has been named the Best Life Insurance Company in Canada in 2013 by World Finance magazine in its annual insurance awards competition.

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Posted Date: November 12, 2013

Many hands at Empire Life raise $292,425 for the United Way

Kingston, Ontario – Empire Life employees are celebrating the end to another successful United Way campaign which raised $292,425 and saw an increase in employee pledge participation rates across the country. All employee pledge dollars were matched by the company.

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Posted Date: November 8, 2013

Empire Life announces common share dividend

Kingston, Ontario – The Empire Life Insurance Company (Empire Life) today announced a common share dividend of $24.4652 per share.

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Posted Date: August 20, 2013

Empire Life appoints Michael Stocks as Vice-President, Insurance Marketing

The Empire Life Insurance Company (Empire Life) today announced the appointment of Michael Stocks as Vice-President, Insurance Marketing.

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Posted Date: August 7, 2013

Shhh, sleeping computers are saving energy at Empire Life

Kingston, Ontario – The Empire Life Insurance Company (Empire Life) has invested in an energy saving computer program, thanks to a partnership with its local electricity distributor Kingston Hydro.

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Posted Date: July 25, 2013

Empire Life announces $300 million offering of 2.870% Subordinated Debentures

Kingston, Ontario – The Empire Life Insurance Company ("Empire Life" or “the Company”) announced today that it intends to issue in Canada, by way of private placement to accredited investors, $300 million principal amount of subordinated unsecured 2.870% fixed/floating debentures due May 31, 2023 (the “Debentures”). The offering is expected to close May 31, 2013, subject to receiving appropriate regulatory confirmation. The net proceeds of the issue will be used for regulatory capital purposes and for general corporate purposes.

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Posted Date: May 24, 2013

Empire Life Releases Video in Support of World Autoimmune Arthritis Day

Kingston, Ontario – May 19th is World Autoimmune Arthritis Day, a day to shine the spotlight on a disease that affects one in every 100 Canadians. It costs the Canadian economy $1.4 billion each year. In a generation, it is predicted to affect one in every 68 workers.

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Posted Date: May 17, 2013

Empire Life Introduces First-Of-Its-Kind Permanent Hybrid Life Insurance

Kingston, Ontario – The Empire Life Insurance Company (Empire Life) today introduced an innovative permanent life insurance product that combines guaranteed and adjustable features and can allow customers to benefit from lower insurance premiums should long-term interest rates rise.

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Posted Date: April 2, 2013

Empire Life Reports Record Earnings For 2012

Kingston, Ontario – The Empire Life Insurance Company (Empire Life) today released its 2012 year-end financial results. Empire Life achieved a record level of earnings with an overall shareholders’ net income of $80.4 million compared to $32.3 million for 2011. Results across all three business lines were positive with strong Capital and Surplus earnings.

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Posted Date: March 28, 2013

Empire Life Appoints Sean Kilburn As Senior Vice-President, Life Insurance

Kingston, Ontario – The Empire Life Insurance Company (Empire Life) announces the appointment of Sean Kilburn, BSc, FSA, FCIA as Senior Vice-President, Life Insurance.

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Posted Date: March 11, 2013

Empire Life Introduces
Class Plus 2

Kingston, Ontario – The Empire Life Insurance Company (Empire Life) today introduced Class Plus 2, the next generation of its guaranteed withdrawal benefit (GWB) solution.

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Posted Date: January 9, 2013