Industrial Alliance Insurance and Financial Services (Industrial Alliance or iA Financial Group) announced the launch of EquiBuild, a flexible universal life insurance product for clients seeking long-term growth of their wealth.
EquiBuild offers multiple guarantees, strong guaranteed surrender values, a generous annual bonus and many interesting investment options with a very competitive management expense ratio.
"We are proud to be able to offer such a flexible universal life insurance product that combines liquidity, growth and security to clients looking to grow their wealth and take advantage of sizable surrender values," states Pierre Vincent , Vice-President, Individual Insurance.
All EquiBuild policyowners may receive an annual bonus called the EquiBuild Bonus, which can be used to purchase paid-up additional insurance (no further premium payment required) or invested in an accumulation fund, based on their objectives.
It should be noted that the EquiBuild Bonus is calculated annually based on the declared return on the EquiBuild Fund less the threshold of 3.5%. The EquiBuild Fund includes a guaranteed return of 5.5% through 2019.
The investment options available include fixed-term guaranteed interest accounts, accounts based on the main stock-market indices, the EquiBuild Account (based on the EquiBuild Fund) and the Life Investment Account.
The return on the EquiBuild Account is linked to that of the EquiBuild Fund, managed by an experienced team of fund managers at iA Financial Group. The EquiBuild Fund is designed to provide stable returns with low volatility over the long term.
This fund is composed of fixed-income securities, mortgage securities, real estate assets and stocks. Clients who invest in the EquiBuild Account will enjoy a guaranteed return of 4.25% through 2019. Thereafter, the return credited will be equal to the declared return on the EquiBuild Fund less a management expense ratio of 1.5%.
For its part, the Life Investment Account offered is unique on the market. It becomes available on the later of the 10th policy anniversary and the insured’s 40th birthday and offers a fixed monthly return that can be used to offset insurance costs.
Founded in 1892, iA Financial Group offers life and health insurance products, mutual and segregated funds, savings and retirement plans, RRSPs, securities, auto and home insurance, mortgages and car loans and other financial products and services for both individuals and groups.