--- title: Empire Life Blog Empire Life Blog (5) description: Access the latest insights on life insurance, investments, and group benefits all in one place. Visit the Empire Life blog. (5) --- × #### Subscribe ### Subscribe to Email Updates Signing up for our Blog offers you the opportunity to subscribe and receive email notifications for Investment or Insurance type content only from The Empire Life Insurance Company and Empire Life Investments Inc. You may cancel your subscription to the newsletter at any time by clicking on [unsubscribe](http://www.fastandfull.ca/hs/manage-preferences/unsubscribe-simple) or, by contacting The Empire Life Insurance Company or, Empire Life Investments Inc. **The Empire Life Insurance Company** 259 King Street East, Kingston, Ontario K7L 3A8, Canada Toll Free: 1 800 561-1268 Email: insurance@empire.ca or investment@empire.ca **Empire Life Investments Inc.** c/o 259 King Street East, Kingston, Ontario K7L 3A8, Canada Toll-free telephone: 1 855 823-6883 Email: mutualfund@empire.ca Close [Facebook](https://www.facebook.com/Empire-Life-Insurance-142465432433812/) [Linkedin](https://www.linkedin.com/company/empire-life-investments) [Twitter](https://twitter.com/empirelifeins) Subscribe [EN](https://www.empire.ca/blog) | [FR](https://empire.ca/fr/blogue) [![Empire Life | Empire Life Investments](https://blog.empirelife.ca/hubfs/Logo/Combined%20Blog%20Images/combined-logo.png)](https://www.empire.ca/blog) # Insurance, Investments and Group Benefits ## Navigate life with confidenceTM - Insurance - [Insurance](https://www.empire.ca/blog/topic/insurance) - [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips) - [Customer Service](https://www.empire.ca/blog/topic/customer-service) - Investments - [Investments](https://www.empire.ca/blog/topic/investments) - [Investment Views](https://www.empire.ca/blog/topic/investment-views) - [Off the Cuff](https://www.empire.ca/blog/topic/off-the-cuff) - [Group Benefits(1)](https://www.empire.ca/blog/topic/group-benefits) - [Personal Finance (1)](https://www.empire.ca/blog/topic/personal-finance) ## [Financial tips for your younger self](https://blog.empirelife.ca/blog/financial-tips-for-your-younger-self) [Investments](https://www.empire.ca/blog/topic/investments), [Personal Finance](https://www.empire.ca/blog/topic/personal-finance) [![Financial tips for your younger self](https://blog.empirelife.ca/hubfs/Blog_images/INV-Blog-images/Resized-FinancialTipsForMyYoungerSelf-GettyImages-810526950-414749-edited-353886-edited.jpg)](https://blog.empirelife.ca/blog/financial-tips-for-your-younger-self) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) Feb 9, 2024, 3:52:00 PM Updated February 2024 Do you ever wish you could talk to your younger self about lessons you've learned, more than a few of them the hard way? There are the mishaps you could have avoided, the errors in judgement you could have missed and the regrets you wouldn't hold. How much better would you feel now if you could turn the clock back? And that includes the extra money you would have to fund the better lifestyle you could look forward to in the decades ahead. Let's consider some financial tips. [Read More](https://blog.empirelife.ca/blog/financial-tips-for-your-younger-self) ## [5 tips for financial success in later life](https://blog.empirelife.ca/blog/5-tips-for-financial-success-in-later-life) [Investments](https://www.empire.ca/blog/topic/investments), [Personal Finance](https://www.empire.ca/blog/topic/personal-finance) [![5 tips for financial success in later life](https://blog.empirelife.ca/hs-fs/hubfs/Blog_images/INV-Blog-images/INV_5-tips-for-financial-success%20-%20blog/5TipsForFinancialSuccess_GettyImages-172584919-resized.jpg?width=639&quality=high)](https://blog.empirelife.ca/blog/5-tips-for-financial-success-in-later-life) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) Jan 18, 2024, 8:43:00 AM Updated January 2024 The things you need to do to build your finances which can support your wants and goals are simple. Sometimes doing them isn't so simple. For most people, this becomes a matter of choice. Practice makes it easier. Here are some tips to build lifestyle success for your future you. [Read More](https://blog.empirelife.ca/blog/5-tips-for-financial-success-in-later-life) ## [TFSA and spouse as joint beneficiary](https://blog.empirelife.ca/blog/tfsa-and-spouse-as-joint-beneficiary) [Investments](https://www.empire.ca/blog/topic/investments), [Personal Finance](https://www.empire.ca/blog/topic/personal-finance) [![TFSA and spouse as joint beneficiary](https://blog.empirelife.ca/hubfs/Blog_images/INV-Blog-images/TFSA-and-spouse-as-joint-beneficiary-GettyImages-643324708.jpg)](https://blog.empirelife.ca/blog/tfsa-and-spouse-as-joint-beneficiary) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) Jan 12, 2024, 7:37:00 AM Updated January 2024 Gaeten and Mirielle are a middle aged couple who met through friends. They have been together for almost 5 years. Gaeten is divorced with one adult child. Mirielle, a widow, has two children of her own. The couple do want to take care of each should either one predecease the other. They both wish to have at least some of their own investments pass on to their respective children. [Read More](https://blog.empirelife.ca/blog/tfsa-and-spouse-as-joint-beneficiary) ## [Tax Free Savings Account (TFSA) and successor holder](https://blog.empirelife.ca/blog/tax-free-savings-account-tfsa-and-successor-holder) [Investments](https://www.empire.ca/blog/topic/investments), [Personal Finance](https://www.empire.ca/blog/topic/personal-finance) [![Tax Free Savings Account (TFSA) and successor holder](https://blog.empirelife.ca/hubfs/Blog_images/INV-Blog-images/TFSA-and-successor-holder-GettyImages-643325288-318738-edited.jpg)](https://blog.empirelife.ca/blog/tax-free-savings-account-tfsa-and-successor-holder) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) Jan 12, 2024, 7:30:00 AM Updated January 2024 My [last article](https://blog.empirelife.ca/blog/tfsa-and-spouse-as-joint-beneficiary) shared the story of a divorced gentleman, Gaeten, who named his common law partner Mirielle, joint beneficiary of his Tax-Free Savings Account (TFSA) along with his daughter, Marie. I covered off the problem Mirielle would have trying to maintain the tax sheltered status of her share of Gaeten’s account which would pass to her on Gaeten’s death. What if Gaeten named her as a successor holder (subrogated policyholder in Quebec)?1  [Read More](https://blog.empirelife.ca/blog/tax-free-savings-account-tfsa-and-successor-holder) ## [Five basics about managing money](https://blog.empirelife.ca/blog/five-basics-about-managing-money) [Investments](https://www.empire.ca/blog/topic/investments), [Personal Finance](https://www.empire.ca/blog/topic/personal-finance) [![Five basics about managing money](https://blog.empirelife.ca/hubfs/Blog_images/INV-Blog-images/5-basics-about-managing-money-GettyImages-512740730.jpg)](https://blog.empirelife.ca/blog/five-basics-about-managing-money) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) Jan 10, 2024, 9:12:00 AM Updated January 2024 A disturbing number of aging Canadians today aren’t saving or aren’t saving enough for retirement.1 They are seeking financial freedom. That’s not freedom from money. It’s the kind of freedom they feel when they can do what they want to do and when they want to do it. Yet we all know that how we manage, invest and spend our money can have a huge impact on our life and our lifestyle. [Read More](https://blog.empirelife.ca/blog/five-basics-about-managing-money) ## [Growth and Value Investing](https://blog.empirelife.ca/blog/growth-and-value-investing) [Investment Views](https://www.empire.ca/blog/topic/investment-views), [Investments](https://www.empire.ca/blog/topic/investments) [![Growth and Value Investing](https://blog.empirelife.ca/hs-fs/hubfs/INV-Growth%20Launch%20Blog%20(Oct%202023)/Getty-1413761479-Edit_V2.png?width=1547&quality=high)](https://blog.empirelife.ca/blog/growth-and-value-investing) By [Empire Life](https://www.empire.ca/blog/author/empire-life) Nov 3, 2023, 11:07:02 AM Understanding the differences and similarities  Markets move in different directions at different times, generally called cycles. Different market cycles tend to favour one investment style over another. Understanding how growth and value investment styles differ and where they can work together will help demonstrate how they can both play an integral role in your equity portfolio construction. [Read More](https://blog.empirelife.ca/blog/growth-and-value-investing) ## [Mental health, disability absences, and the impact of employee motivation on return to work](https://blog.empirelife.ca/blog/mental-health-and-disability-absence-the-impact-of-employee-motivation-on-return-to-work) [Group Benefits](https://www.empire.ca/blog/topic/group-benefits) [![Mental health, disability absences, and the impact of employee motivation on return to work](https://blog.empirelife.ca/hubfs/MentalHealthSolutions-infographic-EN.jpg)](https://blog.empirelife.ca/blog/mental-health-and-disability-absence-the-impact-of-employee-motivation-on-return-to-work) By [Michelle Cortes](https://www.empire.ca/blog/author/michelle-cortes) May 17, 2023, 4:32:28 PM Insurance companies in Canada paid out 75 per cent more in mental health claims in 2021 compared to 2019 ([CLHIA)](http://clhia.uberflip.com/i/1478447-canadian-life-and-health-insurance-facts-2022-edition/1?), but disability claims with a mental health component have been on the rise for many years. In this blog, Michelle Cortes, our product manager for long-term disability, interviews Ian Bridgman, Executive Director of The Claim Lab, and Steve Higgins, who oversees the management of disability claims at Empire Life, to discuss how The Claim Lab is helping us manage mental health claims through enhanced predictive analytics. Empire Life was the first insurance company in Canada to work with The Claim Lab.  [Read More](https://blog.empirelife.ca/blog/mental-health-and-disability-absence-the-impact-of-employee-motivation-on-return-to-work) ## [Insurance Industry Boosts Investment in Fraud Prevention](https://blog.empirelife.ca/blog/insurance-industry-boosts-investment-in-fraud-prevention) [Group Benefits](https://www.empire.ca/blog/topic/group-benefits), [Assurance collective](https://www.empire.ca/blog/topic/assurance-collective) [![Insurance Industry Boosts Investment in Fraud Prevention](https://blog.empirelife.ca/hubfs/GettyImages-1146417905%20(2).jpg)](https://blog.empirelife.ca/blog/insurance-industry-boosts-investment-in-fraud-prevention) By [Vanessa Lycos | Vice-President, Group Product and Marketing](https://www.empire.ca/blog/author/vanessa-lycos-vice-president-group-product-and-marketing-1) Apr 19, 2023, 11:01:45 AM In a recent advisor webinar with guest speakers Stephen Frank, CLHIA President and CEO, and senior members of the Empire Life claims investigative team, Richelle Feddema and Raman Sharma, our hosts Marc-André Blondeau, regional vice-president of group distribution in Quebec and Eastern Canada, and Michelle Wegner, director of sales enablement at Empire Life, discussed industry efforts to tackle group benefits fraud. In this post, we share some of Marc-André and Michelle's post-webinar conversation with Stephen. Next week, we'll share their conversation with Richelle and Raman.  [Read More](https://blog.empirelife.ca/blog/insurance-industry-boosts-investment-in-fraud-prevention) ## [Does your genetic makeup affect the way a drug will work in your body?](https://blog.empirelife.ca/blog/how-pharmacogenomics-testing-can-prevent-drug-spend-waste) [Group Benefits](https://www.empire.ca/blog/topic/group-benefits) [![Does your genetic makeup affect the way a drug will work in your body?](https://blog.empirelife.ca/hubfs/1122399-DigitalHealthWeek-Facebook-EN-SNIP%202.jpg)](https://blog.empirelife.ca/blog/how-pharmacogenomics-testing-can-prevent-drug-spend-waste) By [Michelle Cortes](https://www.empire.ca/blog/author/michelle-cortes) Mar 3, 2023, 2:08:20 PM How pharmacogenomics can prevent drug spend waste More and more Canadians are taking prescription drugs as chronic disease and mental health problems become more widespread. But prescribing can be a challenge because each person’s unique metabolic profile—informed by their unique genetics—determines which drugs will work and which will not. Empire Life has been working with Pillcheck for three years to help plan members find the right pharmaceutical treatments sooner rather than later, so they can enjoy their lives and return to work without needless delay. For employers, the savings can add up: depending on the diagnosis, drug therapy guided by Pillcheck can save between $350 and $5000 per patient.  [Read More](https://blog.empirelife.ca/blog/how-pharmacogenomics-testing-can-prevent-drug-spend-waste) ## [Market timing and missing the worst performance days](https://blog.empirelife.ca/blog/market-timing-and-missing-the-worst-performance-months) [Investments](https://www.empire.ca/blog/topic/investments), [Personal Finance](https://www.empire.ca/blog/topic/personal-finance) [![Market timing and missing the worst performance days](https://blog.empirelife.ca/hubfs/Blog_images/INV-Blog-images/Staying-Invested-V2-513943136-806698-edited.jpg)](https://blog.empirelife.ca/blog/market-timing-and-missing-the-worst-performance-months) By [Peter Wouters](https://www.empire.ca/blog/author/peter-wouters) Jan 16, 2023, 4:45:00 PM [In my last article](https://blog.empirelife.ca/blog/staying-invested-in-the-market), I wrote about the benefits of a buy and hold strategy where an investor stayed in the market through the ups and downs of a particular investment.  [Read More](https://blog.empirelife.ca/blog/market-timing-and-missing-the-worst-performance-months) - [Previous](https://www.empire.ca/blog/page/4) - [4](https://www.empire.ca/blog/page/4) - 5 - [6](https://www.empire.ca/blog/page/6) - [7](https://www.empire.ca/blog/page/7) - [8](https://www.empire.ca/blog/page/8) - [9](https://www.empire.ca/blog/page/9) - [Next](https://www.empire.ca/blog/page/10) ![Get a quote and apply for life insurance](https://blog.empirelife.ca/hubfs/Logo/Combined%20Blog%20Images/GetAQuote-BlogButton-couple-EN.jpg) [BUY NOW](https://www.empire.ca/insurance/buy-life-insurance) ![Retirement Savings Tool](https://blog.empirelife.ca/hubfs/Blog_images/RST-Blog-EN.jpg) [Get Started](https://www.empire.ca/retirement-and-savings-tool) ### POPULAR POSTS ### CATEGORIES - [Insurance](https://www.empire.ca/blog/topic/insurance) - [Investments](https://www.empire.ca/blog/topic/investments) - [Group Benefits](https://www.empire.ca/blog/topic/group-benefits) - [Personal Finance](https://www.empire.ca/blog/topic/personal-finance) [Disclaimer](https://info.fastandfull.ca/disclaimer) [Legal](https://info.fastandfull.ca/legal) [Privacy Policy](https://info.fastandfull.ca/privacy-policy) [Accessibility](https://info.fastandfull.ca/accessibility) [Consumer Information](https://info.fastandfull.ca/consumer-information) [Contact Us](https://info.fastandfull.ca/contact) [Third-Party Tools and Sites](https://info.fastandfull.ca/third-party) [Confidentiality](https://info.fastandfull.ca/confidentiality) [Unsubscribe](https://info.fastandfull.ca/hs/manage-preferences/unsubscribe-simple) **CONTACT US** The Empire Life Insurance Company 259 King St. E. 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