Equitable Life of Canada Tuesday announced the introduction of Pivotal Select, a new segregated fund contract that offers growth, protection, and flexibility to meet a wide range of individual investment needs.
Similar to the existing Pivotal Solutions product that it is replacing, Pivotal Select includes a resettable 100% death benefit guarantee in its estate class.
In addition, Pivotal Select also includes a new lower cost investment class as well as a new, more transparent fee structure.
Estate class targets investors who want to grow their savings with the protection of enhanced guarantees, while investment class is designed for investors who want to build their portfolio with flexibility and maximize their growth potential with the lowest fees.
Other enhancements include a refreshed fund lineup, more competitive management expense ratios, and increased deposit ages.
Pivotal Select includes investment options offered by in-house and third-party managers and cover all major asset classes: fixed income, balanced funds, and Canadian and global equities.
Clients can access their investment information anytime, anywhere, on Equitable Life’s recently launched Client Access online portal.
Pivotal Select is available October 1 through insurance advisors. The existing Pivotal Solutions segregated funds product closes to new contracts on October 25.