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New GIF contract launched
AIC Ltd. and Transamerica Life Canada plan to streamline product offerings by consolidating several segregated funds, and to rename one of the funds, the companies said Friday.The AIC seg funds’ contracts are issued by Transamerica Life Canada and are managed by AIC.On June 19, 2009, AIC and Transamerica Life Canada will be discontinuing five AIC […]
Transamerica Life Canada and AEGON Fund Management Inc. announce Thursday that Transamerica’s imaxxGIF segregated funds and AFM’s imaxxFunds mutual funds are now available for Tax-Free Savings Accounts (TFSAs). A TFSA is a registered savings account that allows Canadians to invest up to $5,000 per year, take advantage of tax-free growth, and withdraw their savings on […]
The insurer is aiming to put its troubles in the past, says new CEO
Transamerica Life Canada has launched a new retirement income product, Five for Life, which now is available for sale, the company announced Wednesday.The newest offering in the Guaranteed Minimum Withdrawal Benefit (GMWB) market, the Transamerica product is specifically designed to benefit investors nearing retirement who are focused on saving, and those in retirement, drawing income […]
Brooks succeeds Reaburn
But despite its recent financial losses, MGAs have confidence in the life insurer
But Transamerica Life Canada is pulling back on that business to focus on manufacturing life insurance and annuity products