Pacific Place Group website at:

www.pacificplacegroup.com

Real Estate website at:

www.pacificevergreenrealty.com

Holidays & Observances

Feb 2 Groundhog Day

Feb 14 Valentine’s Day

Feb 17 Family Day

Feb 29 Leap Day

February Seminars

February 5 IA Financial - Inv

February 7 Manulfe - Inv

February 11 Bridgeforce

February 12 Manulife

February 13 Sunlife - Inv

February 19 CPP

February 26 Canada Life - Inv

February NEWSLETTER

Did you know...

When is the next leap year? 2020.

A leap year is any year with 366

days instead of the usual 365 days.

Therefore, leap day in 2020 will fall

on Saturday, February 29th.

So...why the extra day?

It was the ancient Egyptians who first figured out that the solar year and the calendar year didn't always match up.

That's because it actually takes the

Earth a little longer than a year to travel around the Sun —

365 days, 5 hours, 48 minutes, and 46 seconds, to be ex-

act.

Therefore, as hours have accumulated over the centuries,

an extra day was occasionally added to the calendar, and

over time the practice became more or less official.

The Romans first designated February 29 as leap day, but

a more precise formula (still in use today) was adopted in

the 16th century when the Gregorian calendar fine-tuned

"The word February is believed to have derived from the name

'Februa' taken from the Roman 'Festival of Purification'. The

root 'februo' meaning to 'I purify by sacrifice'. As part of the sea-

sonal calendar February is the time of the 'Ice Moon' according

to Pagan beliefs, and the period described as the 'Moon of the

Dark Red Calf' by Black Elk. February has also been known as

'Sprout-kale' by the Anglo-Saxons in relation to the time the

kale and cabbage was edible."

Vancouver—Head office Surrey

#102—1245 W. Broadway Surrey Central Business Park

Vancouver, BC V6H 1G7 #100-7565 132nd Street

Tel: 604-267-1833 Surrey, BC V3W 1K5

Tel: 778-945-9611

Burnaby Richmond

Metrotown Centre - Metrotower 1 Airport Executive Park

#2129-4710 Kingsway #130-10271 Shellbridge Way

Burnaby, BC V5H 4J5 Richmond, BC V6X 2W8

Tel: 778-945-6900 Tel: 236-521-3799

PPG Locations

Pacific Place Property Management Ltd.

Administration Roles and Responsibilities — February 1, 2020

Wayne Yu Corporate Manager 604-267-1833 EXT: 231

Yim Yu Account Manager 604-267-1833 EXT: 231

Mimi Sum Operations Co-ordinator 604-267-1833 EXT: 232

Pacific Place-Financial Services Inc./Bridgeforce Pacific Place (Financial Services Division) Tel: 604-267-1833

Hendry Liu General Manager EXT: 235

Jim Lew Director of Business Development Tel: 604-558-7610 or EXT 235

James Qiu Sales Manager Tel: 236-521-3799

Mable Wong New Business: Manulife Life, HR, PPG Compliance Tel: 604-558-7611 or EXT: 251

Mkt materials (Van), Software

Angel Li Policy Service, Travel Insurance, New business Equitable Life Tel: 236-521-3795

Manulife investments (Rmd office), Mkt materials (Rmd) or 604-558-7614

Elia Chan Contracting, New Business: BMO, IA, IA Excellence, Group Tel: 604-558-7608

Manulife Investments (Bby), Software updates

Winnie Chan Commissions, Marketing Materials (Bby) Tel: 604-558-7614

Evelyn Ye Commissions (Bby)

Tiffany Tang New business/Investments: Assumption , Canada Life, CPP, DFS, Tel: 604-558-7609

Empire Life, Humania, Ivari, RBC, SSQ, Sunlife, The Edge,

Software updates on dropbox

Vancouver Burnaby Surrey Richmond

Pacific Place-Insurance Services Inc. (General Insurance Division) Tel: 604-267-1833

Kate Zhang House: New Quote & Endorsements, Claims EXT: 228

Angus Yiu ICBC, IT EXT: 243

Michael Hu Condo Quotes EXT: 239

Tiffany Yu Renewal, Reminder and payments EXT: 226

Evan Shi Condo Quotes/ICBC EXT: 223

Yuki Li ICBC, ICBC Batching EXT: 237

Hendry Liu Commercial Insurance EXT 235

James Qiu Commercial Insurance EXT 235

Pacific Place-Arc Realty Ltd. (Real Estate Division) Tel: 604-267-1833

Lo-Ming Lee Managing Director EXT: 233

Annie Fong Managing Broker EXT 233

Jason Wood Business Development Consultant EXT: 233

Yiyi An Administrator/Real Estate Conveyancer EXT 241

Shan Shan Chang Office Administrator (Rmd) 236-521-3799

Pacific Evergreen Realty Ltd. (Real Estate Division) Tel: 604-267-1833

David Yang Managing Partner Tel: 604-250-3696

Lo-Ming Lee Managing Director EXT: 233

Annie Fong Managing Broker EXT: 233

Jason Wood Business Development Consultant EXT: 233

Julia He Real Estate Conveyancer EXT: 224

Teresa Chiang Real Estate Conveyancer EXT 241

Sherry Yu Marketing, Graphic Designer (PER) Tel: 236-521-3799

Shan Shan Chang Office Administrator (Rmd) Tel: 236-521-3799

Pacific Place Property Management Ltd. (Property Management Division) Tel: 236-521-3790

Jimmy Ng Managing Broker 778-788-0013

Khai Ho Property Manager/Service Manager 778-953-6396

Sela Li Business Support Executive 236-521-3790

Lidiya Wang Office Administrator 236-521-3790

Julia Lian Office Administrator (part time) 236-521-3790

Pacific Place Property Management Ltd.

Insurance Software - Current Versions

Company Software Name Version Release Date Download

Assumption Life LIA 10.4 Nov 2019 Download

BMO Insurance The Wave 41.1 Oct 2019 Download

Canada Life Concourse 4.1 Jan 2020 Download

Canada Protection Plan eAccess 5.4 Nov 2019 Website

Desjardins Insurance Online Illustrator 7.8 N/A Website

Empire Life Envision Plus 11.5 Oct 2019 Download

Equitable Life Sales Illustration 2019-2 June 2019 Download

Foresters Financial Sky 2.0.176 Jan 2020 Download

Humania Assurance Illustration 2019.1 May 2019 Download

IA Financial Interface 8.8.1 Dec 2019 Download

IA Excellence Assure & Go N/A N/A Website

Ivari Lifeview 12.9.1 Nov 2019 Download

La Capital Illustration System 9.11.0 July 2019 Download

Manulife Financial Diamond View 16.06 Dec 2019 Download

RBC Insurance Illustrations 10.8 62B46 Jan 2020 Download

SSQ Illustration Software 8.1 Nov 2019 Download

Sun Life EOS 7.2 Oct 2017 Download

Illustrations 5.5 Oct 2019 Download

Online Illustrator N/A N/A Website

UV Mutual Illustration Software 2.10.01 Nov 2019 Download

In the News

$50 to try it! Fast & Full

The Equitable give back contest—Start spreading the

word

This RRSP season, stick a guarantee on it!

Selling doesn't have to be complicated

See the benefits for advisors

Personal Health & Dental Plans

New Canada Life segregated fund

Healthy or “hard to insure” we have the right

NO MEDICAL solutions

Updated requirements mean fewer ECGs

Merger of Excellence Life Insurance Company and Industrial Alliance

Insurance and Financial Services Inc.

Let’s get social

LaCapitale - Newsletter

We’re being environmentally conscious and reinstating our duplicate

policy processing fee

3 new ways to boost your par sales, and Advisor Learning

Navigator is now live!

Declined Critical Illness case? Humania has the solution!

Invest more. Worry less. The 2019 RRSP Campaign is here

Your SSQ Newsletter

The credit insurance rider now available at UL Mutual

“Quote of the month”

Pacific Place Financial Services Annual Conference

Qualification Period: January 1, 2020—December 31, 2020

Travel Period: 2021

Qualification: 75,000 FYC

Be part of this annual PPFS conference on us!

This event is not to be missed!

There is lot’s of time left to submit cases from all carriers.

Check with Mable or Mimi to see how close you are to attend and

contest rules.

Your Privacy Policy: Ensure Safekeeping of Client Personal

Information - Best Practices & Compliance Tips

What is the Rule of 72?

Investing is all about the numbers. In choosing and evaluating investments, critical decisions are made every day based on, among other things, an in-depth understand-ing of the numbers attached to a project. Investors are often focused on predicting just how long it will take to recoup their investment and realize a gain. The “Rule of 72” is a useful tool employed to estimate the number of years required to double an initial investment based on a specified annual rate of return.

HOW LONG WILL IT TAKE FOR YOUR INVESTMENT TO DOUBLE?

The Rule of 72 formula is a simple variation on an ancient mathematical logarithm:

Years to Double = 72 ÷ Interest Rate

By way of example, a investment anticipating a 6% annual rate of return will offer in-vestors the opportunity to double their initial investment in 12 years.

72 ÷ 6 = 12 years to double initial investment

It is important to remember that the Rule of 72 is a tool used to estimate the rate of

return on investments. No one can accurately predict everything that will happen

during the life of an investment, but understanding the Rule of 72 can help forecast in-

vestment growth and wealth accumulation. The great thing about it is that you don’t

need a complicated Excel spreadsheet or financial calculator to peek into the future.

THE WONDERS OF COMPOUND INTEREST

If your current retirement portfolio is valued at $100,000 and you are averaging 9% in annual returns,

based on the Rule of 72, your portfolio will double and increase to $200,000 in 8 years. In another 8

years, your retirement nest egg should increase to $400,000 – and this does not even include any new

money contributed made after the initial $100,000. Welcome to the wonders of compound interest –

every investor’s best friend! In order to take advantage of the many benefits of compound interest,

you must start investing early and think long term. It is no wonder that Albert Einstein is rumoured to

have once referred to compound interest as “one of the most powerful forces in the universe.”

HOW LONG WILL IT TAKE FOR INVESTMENTS TO LOSE VALUE?

Just as the Rule of 72 can help predict how long it will take to double your money, the same rule can estimate how long it will take for money to lose its value. If you were to take the same $10,000 inher-itance from Aunt Betty and stash it under your mattress, it will inevitably lose value over time due to the ravages of inflation. In this case, you will need to divide 72 by an assumed rate of inflation. Let’s use 4% for our example. 72 ÷ 4 = 18. In 18 years, the $10,000 stuck in a drawer or an equivalent low-interest account will have lost one-half of its value.

Obviously, there are many other factors to consider when choosing and evaluating investment vehicles and platforms. There are no “sure things” and every investment will follow its own track, but the Rule of 72 equips investors with the ability to make quick mental calculations in comparing products and en-visioning their financial. Perhaps most importantly, it’s a reminder to get moving and start investing now if you hope to secure a comfortable future.

Advisor, Insurance & Financial Services KEY RESPONSIBILITIES:

You will be actively working to develop and grow your client base and providing solutions including Insurance, Employee Benefits, Retirement Planning and/or Investments

Planning, building, and execution of a business / sales plan

You are a true client relationship advisor who looks for opportunities to refer and receive referrals

You will participate with all the company’s marketing activities and contribute your ideas towards their effectiveness and contributing towards their positive results

Building and growing your centers of influences

Keeping up to date with industry and regulatory trends and changes

Working with all lines of Pacific Place Financial Services/ Bridgeforce Pacific Place business offerings

DESIRED SKILLS & EXPERIENCE:

Minimum 3 years experience in a similar role and ready to take your career to the next step; experienced with Insurance and/or Investment Sales an asset but not mandatory.

Strong listening skills and willingness to learn

Insurance Licensed (LLQP) and CFP, CSC, CIM, CPA, CFA, CLU as an asset or working towards such Designation. * Willingness to obtain LLQP license if not currently licensed.

Strong communication skills oral and written

Professional, motivated, and able to work in a fast-paced dynamic environment Team centered, driven and self motivated attitude Compensation: commissions + marketing support + mentorship + coaching + networking avenues. Take ad-vantage of this opportunity to work alongside some of the top minds in the industry and benefit from the structure, support and resources necessary to push your success to the next level. Please send a cover let-ter and your resume to talent@pacificplacegroup.com with “Career” in the subject line.

We thank all applicants who apply, but only those candidates selected for an interview will be contacted.

If you know of anyone who maybe interested in a career in Financial Services, please have them send in their resume for in interview. talent@pacificplacegroup.com

In the News at PPIS _________________________________

Keeping you informed

Welcome!

At Pacific Place Insurance

Services, we like to keep our

agents informed. We hope

you find this update useful.

Enjoy!

HOW ARE PREMIUMS CALCULATED?

HOW ARE PREMIUMS CAL CULATED?

Each insurance policy starts with a base premium (currently, this is $1,063).

Your premium then increases or decreases depending on aspects related to the vehicle (such as its use and location) and its drivers – their experience and crash history.

Of the driver portion, the majority (75%) will be based on the principal driver – the person who drives the car the most. The remaining 25% will be based on the listed driver with the highest risk.*

How are premiums calculated?

Each insurance policy starts with a base premium (currently, this is $1,063).

Your premium then increases or decreases depending on aspects related to the vehicle (such as its use and location) and its drivers – their experience and crash history.

Of the driver portion, the majority (75%) will be based on the principal driver – the person who drives the car the most.

The remaining 25% will be based on the listed driver with the highest risk.*

* If the other listed driver is lower-risk than the principal driver, the premium will only be reduced if that listed driver is a household member or employee.

Who’s Who in BC Real Estate?

It’s not always easy to keep track of who does what in BC real estate.

Here’s a quick primer on who’s who to help you get the answers you’re

looking for faster.

Read full story here

Greater Vancouver assessments down except for detached housing in Whistler, Pemberton, and Squamish

Property owners received their 2020 assessment notices in the first week of January, which reflects the market value as of July 1, 2019. Here's what to expect.

Read Full Story Here