(February 7 – 12:50 ET) – Transamerica Life Canada is launching four unique guaranteed investment funds called Transamerica Optimum Portfolios (TOP). The new portfolios will be available for sale immediately.

The four portfolios are each comprised of 10 or more top-rated mutual funds from leading Canadian mutual fund companies including AGF Funds Inc., AIM Funds Management Inc., C.I. Funds, Fidelity Investments Canada Ltd. and Mackenzie Financial Corp. Each portfolio is held within an individual variable insurance contract, providing the potential for growth combined with a choice in wealth protection benefits.

TOP Funds will allow investors to choose from four asset allocation strategies: conservative, balanced, growth and aggressive growth. Transamerica Life Canada will manage all four portfolios to assure the optimum mix of investments is selected and the target mix is maintained monthly within each portfolio.

“For each TOP Fund, we’ve taken some of the best funds from Canada’s leading investment management companies and bundled them together in a fund-of- funds approach,” said Lauren Bradley, vice president, investment products marketing, for Transamerica Life Canada. “For advisors, it makes the process of choosing the right investments for their clients that much easier and frees valuable time to focus on building the relationship over the long term.”

The portfolios offer three distinct protection options. Option one guarantees 75% of the principal at maturity, or death, with no reset option. Option two guarantees 75% of the principal at maturity and a offers a 100% guarantee on death, plus the ability to secure gains up to two times per year. Option three guarantees 100% of the principal at maturity and/or death, plus offers the ability to secure gains up to two times per year.
-IE Staff