Empire Life Files Long Form Non-Offering Prospectus

KINGSTON, ONTARIO--(Marketwired - June 25, 2015) - The Empire Life Insurance Company (Empire Life) ("the Company") announced today that it has filed a preliminary long form non-offering prospectus and other related filings with the securities regulatory authority in the province of Ontario. The purpose of filing the non-offering prospectus is to qualify the Company to raise regulatory capital in the form of preferred shares and subordinated debt, as well as other debt securities.

Full particulars relating to the Company are set out in the prospectus documents, which are available for review at www.sedar.com.

Cautionary Note Regarding Forward-Looking Statements:

Certain statements in this press release about Empire Life's current and future plans, expectations and intentions, or any other future events or developments constitute forward-looking statements and information within the meaning of applicable securities laws. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties including that Empire Life may not complete a securities offering to raise regulatory capital. Undue reliance should not be placed on such forward-looking statements.

About Empire Life

A subsidiary of E-L Financial Corporation Limited and in business since 1923, Empire Life helps Canadians build wealth and protect their financial security with competitive individual and group life and health insurance, investment and retirement products. The company's vision is to be known for simplicity, being easy to do business with, and having a personal touch.

This press release is not for dissemination in the United States or for distribution to U.S. news wire services.