CompuOffice Software Inc

04/05/2021

OptiTerm(tm)-design term life insurance product gain traction as a 4th carrier - Canada Life - introduces "My Term" to replace its previous portfolio of "term" life insurance offerings for Private Personal Insurance ("PPI").

Canada Life now becomes the 4th carrier to feature the OptiTerm(tm) design, along with iA Financial ("Pick-A-Term"), RBC Insurance ("Your Term"), and Teachers Life ("Online Individual Term")

The OptiTerm(tm) design provides for the selection of the initial level premium and level benefit period, to be followed by YRT renewals when renewable beyond the initial period. That flexibility - the flexibility to select the duration of the initial level period - is an important and primary advantage of the OptiTerm(tm) design

Previous to April 5th 2021, OptiTerm(tm)-design term products were available for a selection of initial level periods of 10 to 40 years (subject to "insurance age" at issue). Canada Life now expands the range of selectable initial periods from just 10-40 years to 5-50 years (subject to "insurance age" at issue).

Canada Life's new "My Term" OptiTerm(tm)-design term insurance product with all its permutations, including joint, first-to-die, is included in today's automated update of LifeGuide (2021.04A)

Thousands of Canada's top financial and insurance advisors subscribe to and use LifeGuide consistently to serve the best interests of their clients. It is highly recommended that you consult with a LifeGuide-equipped broker or financial advisor when considering life, critical illness, long-term care or another form of insurance on the person. Most likely, you'll be offered better value at a lower cost than from an agent who is not equipped to research the market in depth.

06/16/2020

CompuOffice Software Inc. is pleased to introduce a further enhancement to Canada's leading and most widely used professional and independent multiple company life insurance research, quotation and comparison software, LifeGuide(R).

The new enhancement provides for direct linking and invocation of individual insurance companies' online life insurance application forms. This facility is, of course, designed to enhance efficiency and ease for professional advisors and brokers and is available to all insurance companies who provide online life insurance application forms. This video link is a brief walk through of the new LifeGuide(R) enhancement: https://lnkd.in/d2NJ3Cg

As always, we welcome any comments, suggestions and requests to improve and enhance service in the best interest of consumers and to enhance professional advisor practice.

New LifeGuide enhancement added June 16, 2020 to facilitate access to online life insurance application forms.

04/21/2020

Partnering with financial and law professionals for the benefit of consumers and advisors

Visit our website: https://www.quantumtaxlaw.ca Tax Webinar for Accountants, Lawyers and Business Owners streamed live on April 16, 2020. Expert Panel: Todd ...

04/14/2020

Just now
The federal government passed legislation, lowering the minimum withdrawal rate from RRIFs for 2020 by 25%. This is as a token relief against the impact of the Covid-19 pandemic on the market and on many seniors' retirement savings. This reduction for 2020 is reflected in the upcoming automated update of LifeGuide(R) scheduled for tomorrow, April 15th. The update includes product revisions that are also effective tomorrow, along with this update to LifeGuide(R)'s RRIF Analysis module.

11/05/2019

Effective October 31st, SSQ has revised it term portfolio offerings. The revisions include:
-Removal of the Company's Term 10, Term 20 and Term 70 products, including removal of their indexing option. The Company has added new term products "Term Plus" for various level and decreasing face amount need.
-Please note that the Term Plus products are only renewable for 5-year level intervals regardless of the original level duration
-Revision of the initial underwriting evidence requirements for all term and permanent product offerings.

*** It is important to note that SSQ's N1 "Elite" risk class with the lowest premiums requires a TOTAL ABSTINENCE from To***co, Ni****ne and related substances for a MINIMUM OF 60 MONTHS - NOT JUST 12. Likewise, SSQ's other "non-smoker" risk classes may require total abstinence for To***co, Ni****ne and related substance consumption for periods that exceed 12 months.

Most importantly, misrepresentation of To***co, ni****ne or related substance consumption may and likely will render the policy void ab initio (from the outset) to cause the denial of a claim under the policy.

SSQ' quoting tool fails to point this out at user input to produce quotes but it is important for you to know.

Canada's leading independent multiple carrier software and data service, LifeGuide(R), includes the "Ascertain" function with its To***co/Ni****ne and related substance consumption questionnaire to avoid this pitfall.

11/05/2019

For the benefit of the thousands of LifeGuide suscribers coast to coast, the "Marketing Information" sections in LifeGuide, CompetCA as well as the cloud/web edition of LifeGuide - WebLG - are being expanded to include the listing of eligible appointed MGAs, along with satellite marketing and contracting offices of the insurance company.

If your office is duly appointed as an MGA by this insurance company or, if your office is one of the insurance company's satellite marketing and contracting offices, and if your office would be interested to be included as a marketing resource for this company's products, please communicate by e-mail to [email protected]

10/13/2019

https://www.linkedin.com/pulse/readied-launch-weblgtm-cloudweb-edition-lifeguider-ami-maishlish

On reaching another milestone and first for Canada, I am pleased to advise that the final beta testing phase of WebLG(tm), the "cloud"/web edition of LifeGuide(R) is performing well for all options - single life, joint life (all forms), as well as for MultiLife(R). It is also a pleasure to advise t

09/29/2019

With the advent of the Hebrew New Year, 5780 - an opportunity for us at CompuOffice Software Inc. to wish everyone a fabulous year of doing great things with passion, consideration, energy, innovation, prosperity, health and enjoying our time with family and friends.

09/08/2019

Comparison of insurance "on the person" contracts (life, CI, LTCi, DI, etc.) should not be made on "price" alone. Actually, "comparisons" of CI insurance offerings based on price alone are potentially misleading to the client. Like other insurance "on the person" contracts, CI insurance contracts are not standardized and are worded differently. Insurance is a legal contract and that legal contract governs. The differences among CI contracts can be quite substantial.

What CI events/conditions are covered and what are the exclusions is just as important to consider as is the premium.
Available ONLY in LifeGuide(R):
I am pleased to advise that LifeGuide(R) again widens its consistent lead since nearly 30 years ago. LifeGuide's covered CI Conditions Comparison spreadsheet-like module is now enhanced to instantly display the wordings of the contractual definition of each covered CI condition/event for each carrier, for each policy and for each covered CI event/condition.

This newest enhancement is slated to be included in the next automated update of LifeGuide. Below is one of the screen images:

07/17/2019

Is this a trend or just happening at the bottom end? It happened 3 years ago, a couple of times each year since, and another time yesterday. The storyline is the same, the actors are different as are the scenario details. Yesterday's caller also invested nothing other than paying some outfit for the "sales lead", and succeeded in losing well over $1,000, plus his time, by investing nothing. Here's the description of the event 3 years ago:

My day started off rather interesting this morning. My first incoming telephone call was from an irate life insurance agent who obviously was quite upset.