National Bank of Canada and The Canada Life Assurance Co. today announced that they have signed a definitive agreement to distribute banking products and services through Canada Life’s distribution channels.

With this long-term agreement, Canada Life will offer through its distribution channels across Canada, a range of loan products, including RRSP loans, investment loans and the bank’s All-In-One Account, all distributed under the National Bank banner.

“National Bank is an experienced banking product supplier, with the expertise to help us build a customized banking solution that is suited to the unique needs of our distribution channels across Canada,” said Rick Rausch, senior vp of individual retirement and investment services, Canada Life, in a release.

“This agreement ties in perfectly with the Bank’s long-term growth strategy. By offering our innovative banking products through Canada Life’s distribution channels across Canada, we can pursue our goal of expanding outside Quebec,” said Michel Tremblay, senior vice-president, personal banking and wealth management.