In an ironic twist for insurance companies globally, the very product upon which they were building their futures is tying up their capital and potentially hampering growth. Segregated funds, including those with payout options (called variable annuities in the U.S. and Britain and guaranteed minimum withdrawal benefit products in Canada), are hampering insurers everywhere, including […]
Market turmoil moves regulator to update rules
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 […]
And sales of living-benefits policies rise as clients become more aware of their availability
Bright spots for some insurers are the new guaranteed minimum withdrawal benefit plans
Seven new funds added to SunWise Elite lineup
Changes in ranking categories helped performance in 2007, as did astute stock-picking
Firm drops seg fund designation
Eight funds added to line-up
Funds available in two guarantee types