National Life Introduces Managed Accounts For Universal Life Products

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Managed Accounts provide advisors with a dynamic class of investment options to recommend to their clients

TORONTO, Nov. 9, 2004 – National Life announces the introduction of a new category of investment options called Managed Accounts for its universal life products. Managed Accounts offer policyholders access to some of the best brand name mutual funds actively managed by leading Canadian and international investment managers.

“Advisors can confidently recommend Managed Accounts to their clients, as these dynamic investment options cover multiple asset classes, investment styles, geographic regions and industry sectors,” says Martin Devine, Associate Director, Individual Administration. “Managed Accounts mirror the performance of underlying externally managed mutual funds that are recognized as some of the best funds in the industry.”

Proven Investment Managers

National Life carefully selected the underlying funds based on their consistent performance plus the proven track record, experience and reputation of their managers. The fund managers include AGF, Bissett Investment, CI Funds, Dynamic Mutual Funds, Fidelity Investments Canada, Franklin Templeton Investments, Legg Mason and Talvest Mutual Funds.

A Variety of Managed Accounts

National Life is currently offering 13 Managed Accounts within four categories that cover the whole spectrum of investment risk. These categories are:

  • Canadian Accounts
  • Global and International Accounts
  • Sector Accounts
  • US Accounts

Flexible Investments

Managed Accounts can be used by policyholders to invest all premiums above the cost of insurance of their National Life universal life policy, or in combination with National Life Market Index Accounts and Hedge Accounts to build a well diversified portfolio.

Competitive MERs

The Management Expense Ratios (MERs) of the Managed Accounts are equal to the MERs of the underlying mutual funds and there is no additional charge for the benefits of tax deferred investment growth that National Life universal life policies provide.

“Managed Accounts offer clients all the benefits of investing with top fund managers but with additional tax deferred advantages because they’re available through a National Life universal life policy,” says Martin Devine. “Managed Accounts provide the best of both worlds: investment expertise and lifetime insurance protection.”

National Life

National Life has been a strong performer in the financial services industry for over a century, offering individual insurance, group life & health insurance, and retirement & investment products across Canada and in parts of the Caribbean. With a reputation for service excellence and product innovation, National Life works in partnership with top independent brokers and consultants to provide long-term wealth management solutions and health benefit plans to clients.

National Life has been rated “A” (Excellent) by A.M. Best Company, the oldest insurance rating agency in the world. First rated in 1992, we have maintained an “A” rating each year. National Life is a member of the Industrial Alliance Group of Companies, which is the fifth largest life and health insurer in Canada, based on assets.