Service standards apply when all required information is received and in good order. If more information is required, the service standard timeline restarts.
Life new business
Application processing, paper or electronic
1 to 2 business days
Policy settlement, documents required to place a policy in force
98% completed by end of business week
Policy issuance
1 to 3 business days
Advisor contracting
New agent contract set-ups
5 business days
Licensing and E&O updates for existing agent records
5 to 7 business days
Buy and sells, complete or partial blocks of business
10 to 15 business days
Contact centre
Speed to answer
75% of calls answered within 120 seconds
Inforce business
Financial requests: disbursements due to full or partial surrenders, loans and withdrawals
5 to 7 business days
Banking changes: banking information and draw date changes
3 to 7 business days
Non-financial changes: address, beneficiary and ownership changes
5 to 15 business days
Policyholder requested fund-related transactions
1 to 2 business days
Email correspondence response, after initial auto-acknowledgement
7 to 10 business days
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