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All Posts Tagged Tag: ‘GMWB’

Say Goodbye to GMWB as You Knew it

Originally published on Advisor.ca The clock is ticking for you to get your clients locked into guaranteed income products, as insurers continue to re-jig contracts, suspend sales or just get out of the business altogether. Yesterday, Desjardins Financial Security announced it was suspending sales of “version 2” of its Helios GMWB product, effective April 27, 2012. DFS had already announced higher …

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Standard Life Temporarily Suspends New Sales of GMWBs

Originally published on Investment Executive Standard Life Assurance Co. of Canada is temporarily suspending new sales of Ideal Income Series, its guaranteed lifetime withdrawal benefit product (GLWB), effective April 16. The Montreal-based company made the announcement on Wednesday. The insurer believes that its decision is a responsible one for its clients, advisors and the business given the current economic and …

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Empire Life | Income for Life Program Continues to Remain Unchanged

Do you want to be able to offer your clients a wider choice with their GMWB investments? Would you like to be able to offer a guaranteed lifetime income payout of 5% at age 65? Empire Life offers a 100% equity exposure on our Guaranteed Minimum Withdrawal Benefit Program (GMWB) in addition to 3 funds with an 80% equity / …

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Empire Life | Income for Life Program Continues to Remain Unchanged

Do you still want to offer your clients a guaranteed lifetime income payout of 5% or offer your clients up to 100% equity exposure on a Guaranteed Minimum Withdrawal Benefit Program (GMWB)? These are some of the features still available on Class Plus, Empire Life’s GMWB. Given recent competitor fee increases and feature changes on Manulife’s Income Plus program, Empire …

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