Mississauga, Sept. 18, 2006 – RBC Insurance today announced the introduction of RBC Insurance Guaranteed Investment Funds (GIFs), available for sale beginning September 18, 2006. RBC Insurance has selected 12 leading underlying mutual funds from the RBC Asset Management Inc. fund lineup for its segregated funds. Four portfolios have also been created, using these funds, to provide an innovative investment choice for consumers seeking the growth potential of mutual funds, with the security of a principal guarantee.
As segregated funds, the RBC Insurance GIFs offer additional unique features including maturity and death benefit guarantees, the ability to bypass probate, potential creditor protection, as well as the ability to reset the guarantee amount annually when the market value is in excess of the book value.
“Consumers who want the confidence that comes with knowing their hard earned assets are well invested and protected, will benefit from the proven track record and world-class investment management of RBC Asset Management,” said John Young, head, life and health division, RBC Insurance. “RBC Insurance GIFs are a powerful yet simple investment solution designed to help meet a variety of client needs, including estate preservation and retirement planning.”
RBC Insurance GIFs are available through all non-proprietary channels for the company’s life insurance products, including advisors and financial planning firms, Managing General Agencies (MGAs), and national accounts. The segregated funds will also become available through the RBC Insurance proprietary sales force over the next several weeks.
For more information on RBC Insurance Guaranteed Investment Funds, please visit www.rbcinsurance.com/gif, or to speak with an RBC Insurance sales representative, call 1-866-850-6090.
About RBC Insurance
RBC Insurance, through its operating entities, including RBC Life Insurance Company, provides a wide range of creditor, life, health, travel, home, auto and reinsurance products to more than five million North American customers. As the leading provider of individual living benefits and one of the top life insurance producers in Canada,, RBC Life Insurance Company offers individual and group life and health insurance solutions, including term life insurance, universal life policies, group benefits, critical illness insurance and long term care insurance. These products are distributed through more than 17,000 independent brokers affiliated with producer groups, financial planning firms and stock brokerage firms, as well as through direct sales and a network of career sales representatives.