Five new funds at BMO Insurance

Toronto-based BMO Life Insurance Co. has launched the BMO Guaranteed Investment Funds (GIFs) lineup of five new segregated funds designed to offer a maturity guarantee on principal with automatic monthly resets to lock in gains, balanced exchange-traded fund investment options and a death benefit guarantee. The new BMO GIFs are: BMO Canadian Balanced Growth Fund, BMO U.S. Balanced Growth Fund, BMO Canadian Income Strategy Fund, BMO North American Income Strategy Fund and BMO Money Market Fund. The new funds will provide investors with the opportunity to invest in the market while limiting their investment risk. Deposit guarantees are effective on a future “maturity date” selected by the client (15 to 25 years) or upon the death of the annuitant. In addition to guarantees on the principal of up to 100% upon maturity and death, the client’s “maturity guarantee amount” is reset automatically every month, which can increase the amount payable upon the maturity date. BMO Insurance has partnered with Toronto-based BMO Asset Management Inc. to manage the funds.

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