New investment product guarantees principal while allowing investors to experience potential market growth
HALIFAX, Jan. 5, 2003 – Maritime Life today announced an exciting new addition to its popular family of investment products. The new Performance Linked Account is a term deposit account that allows investors to invest in the equity and bond markets, while guaranteeing their initial deposit.
“Maritime Life’s new Performance Linked Account is the ideal investment vehicle for those individuals interested in the growth potential traditionally associated with stocks and bonds, but who do not want their initial investment exposed to any risk,” said Daniel Dessureault, vice president of Retail Sales and Marketing Delivery. “Investing in our Performance Linked Account is simple, your principal investment is guaranteed, and unlike some variable-return term deposits, with Maritime Life’s Performance Linked Account, there is no fixed cap on potential returns.”
The Performance Linked Account is available as a five-year RRSP investment on Maritime Life’s Investment Account plans. This term investment allows you to invest fully in the bond and equity markets through four Maritime Life segregated funds (Bond Fund, Growth Fund, American Growth & Income Fund and International Equity Fund), while guaranteeing your initial deposit.
Additional highlights of Maritime Life’s Performance Linked Account include:
- An alternative investment that protects principal at maturity;
- Benefit in case of death includes the original principal plus any performance linked to the underlying funds;
- The potential of market performance with no fixed upper limits; and
- Diversification across four asset classes through Maritime Life segregated funds.
The Performance Linked Account is now available through Maritime Life’s network of independent financial advisors.
About Maritime Life
Founded in 1922, Maritime Life is one of Canada’s fastest growing financial services companies, offering financial security through a selection of personal insurance, disability and critical illness insurance, investment products, pensions, and group life and health products and services. Based in Halifax, Nova Scotia, Maritime Life provides benefits to nearly three million Canadians through offices in Halifax, Montreal, Markham, Toronto, Kitchener, Calgary and Vancouver.
With more than 2,900 employees, employee satisfaction is a top priority and the reason Maritime Life was named one of the “50 Best Companies to Work for in Canada” by the Globe and Mail’s Report on Business Magazine for five consecutive years.
As a subsidiary of Boston-based John Hancock Financial Services, Inc., Maritime Life comes from a tradition of strength and stability. John Hancock Financial Services, Inc. (NYSE: JHF) and its affiliated companies, including John Hancock Life Insurance Company, provide a broad array of insurance and investment products and services to retail and institutional customers. As of September 30, 2003, John Hancock and its subsidiaries had total assets under management of US $139.8 billion.