RBC Insurance Enhances Segregated Funds Product

Two new funds options added to the Guaranteed Investment Portfolio

Mississauga, ON – November 20, 2008 – RBC Insurance announced several enhancements to its segregated funds product. These changes, which took effect on October 1, 2008, offer clients improved and unique features, including two new fund options and a change to the underlying investments of the RBC Guaranteed Investment Portfolios.

“RBC Insurance is committed to providing advisors and their clients with unique and effective products and services,” said Tony Bagnato, Vice President of Wealth Management, RBC Life Insurance Company. “We believe these enhancements to our segregated funds product offering will be valued by clients who are looking for investment options that leverage the proven track record and world-class investment management of RBC Asset Management IncĀ®, one of Canada’s top money managers.”

These enhancements are available to new and existing contract-holders. The enhanced segregated funds product includes:

  • Two New Fund Options — RBC Balanced Growth GIF and the RBC O’Shaughnessy All-Canadian Equity GIF.
  • Availability of the RBC Asset Management Select Portfolio line up, managed by RBC Asset Management, including:
    • RBC Select Conservative GIP
    • RBC Select Balanced GIP
    • RBC Select Growth GIP
    • RBC Select Aggressive Growth GIP

For more information about RBC Insurance Guaranteed Investment Funds, please contact RBC Life Insurance Company at 1-800-991-0707.

About RBC Insurance

RBC Insurance, through its operating entities, including RBC Life Insurance Company, provides a wide range of life, health, travel, home, auto and reinsurance products as well as creditor services to more than five million North American clients. As a leading provider of individual living benefits and life insurance products in Canada, RBC Life Insurance Company offers a comprehensive portfolio of individual and group life and health insurance solutions, including term and universal life insurance, group benefits, disability, critical illness, and long term care insurance as well as segregated funds. 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. For more information, please visit www.rbcinsurance.com.