New GIF contract launched
Firm is also looking to enter the GMWB market with a new product at a time when it would be most profitable and sustainable
Certain funds closing to new investments
Heavy weighting in equities have made many GMWB products less profitable, so companies are revising their features
Surging sales amplify risks for company
RBC Insurance set to launch new product by year-end
Not all manufacturers of GMWBs deal with overwithdrawals in the same way
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 […]
DFS poll shows one in two Canadians afraid of outliving savings
The Empire Life Insurance Co. has launched Class Plus, the newest enhancement to its Empire Class Segregated Funds product now with a Guaranteed Minimum Withdrawal Benefit. Class Plus will be available for sale starting Oct. 20. Class Plus offers investors the opportunity to benefit from the upside potential of the markets by investing in selected […]