Maritime Life today announced a new addition to its family of investment products. The new Performance Linked Account is a term deposit account that allows investors to invest in the equity and bond markets, while guaranteeing their initial deposit.

“Investing in our Performance Linked Account is simple, your principal investment is guaranteed, and unlike some variable-return term deposits, with Maritime Life’s Performance Linked Account, there is no fixed cap on potential returns,” said Daniel Dessureault, VP of retail sales and marketing delivery.

The product is available as a five-year RRSP investment on Maritime Life’s Investment Account plans. It allows investors to invest fully in the bond and equity markets through four Maritime Life segregated funds — Bond Fund, Growth Fund, American Growth & Income Fund and International Equity Fund.

The Performance Linked Account is now available through Maritime Life’s network of independent financial advisors.