2014 News Archive

Drew Wallace discusses revitalized Class Plus 2.1.

After having closed its guaranteed withdrawal product Class Plus 2.0 to new sales on Oct. 31, Empire Life launched version 2.1 on November 3. The current economic environment compelled the insurer to make some changes, Drew Wallace, president and CEO of Empire Life Investments, told The Insurance and Investment Journal.

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Posted Date: December 4, 2014

Empire Life steps right up to raise $250,000 for the United Way

Kingston, ON – November 26, 2014 – Empire Life employees are celebrating another successful United Way campaign this year raising more than $250,000 for United Ways across Canada. The company matched all pledges and contributions, dollar for dollar.

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Posted Date: November 26, 2014

Empire Life named Best Life Insurance Company in Canada

Kingston, ON – November 25, 2014 – The Empire Life Insurance Company (Empire Life) has been named the Best Life Insurance Company in Canada in 2014 by World Finance magazine in its annual insurance awards competition.  This is the second year in a row that Empire Life has achieved this recognition.

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Posted Date: November 25, 2014

Simplicity and choice define the future for Empire Life

November 3, 2014 (Toronto, Ontario)—The Empire Life Insurance Company (Empire Life) today announced the launch of a new suite of investment products designed to offer simplicity and choice. The products include a segregated funds family called Empire Life Guaranteed Investment Funds (GIF), a Guaranteed Interest Contract (GIC), and a Guaranteed Withdrawal Benefit (GWB) product, Class Plus 2.1.

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Posted Date: November 3, 2014

Empire Life Signs Agreement with Express Scripts Canada

New pharmacy benefit manager will help Empire Life help customers manage drug plan costs and build a healthier workplace.

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Posted Date: September 16, 2014

Empire Life Investments Inc. wins two Insurance & Financial Communicators Association (IFCA) Awards

Toronto, September 8, 2014: Empire Life Investments Inc. has been recognized for its outstanding achievement in marketing and communications with two awards from the Insurance & Financial Communicators Association (IFCA), an international association specializing in the insurance and financial services industry.

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Posted Date: September 8, 2014

“The dumbest way to die is without life insurance”; Empire Life launches new advertising campaign

Kingston, Ontario – The Empire Life Insurance Company (Empire Life) today launched a new consumer insurance advertising campaign and website with the tagline, “The dumbest way to die is without life insurance.™”

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Posted Date: May 29, 2014

New President and Chief Executive Officer named for Empire Life

TORONTO, ONTARIO – Duncan Jackman, Chairman, Chief Executive Officer and President of E-L Financial Corporation Limited ("E-L") (TSX:ELF) (TSX:ELF.PR.F) (TSX:ELF.PR.G) (TSX:ELF.PR.H) and Chairman of the Board of Directors of The Empire Life Insurance Company (Empire Life) is pleased to announce the appointment of Mark Sylvia as President and Chief Executive Officer of Empire Life effective June 2, 2014. Mr. Sylvia will succeed Les Herr, who will be stepping down as CEO at the end of May.

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Posted Date: May 13, 2014

Important note about our websites

You may be aware of media reports of a security threat called Heartbleed which has left some organizations and websites vulnerable to hackers.

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Posted Date: April 10, 2014

Empire Life launches customizable inheritance option

Toronto, Ontario – The Empire Life Insurance Company (Empire Life) launched an Annuity Settlement Option allowing customers to determine how their inheritance will be paid out.

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Posted Date: March 31, 2014

Empire Life reports record earnings for 2013

Kingston, Ontario – The Empire Life Insurance Company (Empire Life) today released its 2013 year-end financial results. Empire Life achieved a record level of earnings with an overall shareholders’ net income of $113.3 million compared to $80.2 million in 2012. Results in the Individual Insurance and Wealth Management business lines improved significantly over 2012.

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Posted Date: March 28, 2014

Empire Life Chief Executive Officer to step down May 30, 2014

Toronto, Ontario - Duncan Jackman, Chairman, Chief Executive Officer and President of E-L Financial Corporation Limited ("E-L") (TSX:ELF) (TSX:ELF.PR.F) (TSX:ELF.PR.G) (TSX:ELF.PR.H) and Chairman of the Board of Directors of The Empire Life Insurance Company (Empire Life) today announced that Leslie C. (Les) Herr will be leaving his position as President and Chief Executive Officer of Empire Life effective May 30, 2014.

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Posted Date: March 5, 2014

Empire Life announces 41% common share dividend increase

Kingston, Ontario – The Empire Life Insurance Company (Empire Life) today announced a 41% increase in its common share dividend to $34.4985 per share for 2014 (compared to $24.4652 per share paid in 2013).

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Posted Date: March 4, 2014