RBC Insurance announced the introduction of RBC Insurance Guaranteed Investment Funds on Monday, available for sale beginning immdediately.

RBC Insurance has selected 12 leading underlying mutual funds from the RBC Asset Management Inc. fund lineup for its segregated funds. Four portfolios have also been created, using these funds, to provide an innovative investment choice for consumers seeking the growth potential of mutual funds, with the security of a principal guarantee.

As segregated funds, the RBC Insurance GIFs offer additional unique features including maturity and death benefit guarantees, the ability to bypass probate, potential creditor protection, as well as the ability to reset the guarantee amount annually when the market value is in excess of the book value.

“Consumers who want the confidence that comes with knowing their hard-earned assets are well invested and protected, will benefit from the proven track record and world-class investment management of RBC Asset Management,” said John Young, head, life and health division, RBC Insurance. “RBC Insurance GIFs are a powerful yet simple investment solution designed to help meet a variety of client needs, including estate preservation and retirement planning.”

RBC Insurance GIFs are available through all non-proprietary channels for the company’s life insurance products, including advisors and financial planning firms, managing general agencies, and national accounts. The segregated funds will also become available through the RBC Insurance proprietary sales force over the next several weeks.