expect rate cuts in the first half of next year.<\/a><\/p>\nManulife is offering single life annuities, joint and survivor annuities, and term annuities that provide income for a specific period.<\/p>\n
The new products offer a cash refund or principal protection guarantee. This means that if the annuitant dies prematurely, a beneficiary will receive a lump-sum payment equal to the difference between the principal investment and the total payments received.<\/p>\n
There’s also an annuity settlement option, Savage said, where the lump-sum payment is transferred into a new life annuity contract and the beneficiary continues to receive payments based on the pricing of an annuity at the time.<\/p>\n
BMO Insurance makes GIF changes<\/h3>\n
BMO Insurance is adding four products to its guaranteed investment funds (GIF) lineup, making popular ETFs available on its segregated fund platform.<\/p>\n
The new investment options include the BMO Aggregate Bond Index ETF GIF, the BMO Canadian Income & Growth GIF, the BMO Global Income & Growth GIF and the BMO Global Innovators GIF.<\/p>\n
The firm also said it’s reducing fees on more than 20 funds, and introducing a lower-cost fee-based option for its high-net-worth clients.<\/p>\n","protected":false},"excerpt":{"rendered":"
High rates and demand led the firm to re-enter the market five years after exiting<\/p>\n","protected":false},"author":143134,"featured_media":469379,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2315,2312],"tags":[2845,2316,87170],"yst_prominent_words":[2140,49824,43960,30946,28655,25362,12095,11500,8883,5866,5452,5451,5446,2165,2146,2116],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/475641"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/143134"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=475641"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/475641\/revisions"}],"predecessor-version":[{"id":475661,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/475641\/revisions\/475661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media\/469379"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=475641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=475641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=475641"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=475641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}