April 12, 2010 - Equitable Life® announced today that it offers clients the
option to select simple interest payments on new Guaranteed
Interest Account contracts issued on or after Monday, April 12,
2010.
This new option provides clients the flexibility to request
simple interest payouts monthly or annually, while preserving the
principal. By presenting the opportunity to select the preferred
payment frequency, clients are able to align regular income
payments on Guaranteed Deposit Accounts to meet their financial
needs. Whether simple interest payments are used to cover the cost
of monthly expenses through retirement, or to plan for the annual
family vacation, this new feature presents the optimal solution for
clients looking for a secure investment, at industry-leading
rates.
"Equitable Life understands that each client has their own
unique investment objective - from those saving for retirement, to
those living out their retirement dreams. Whatever the case may be,
the new simple interest payout option offers the flexibility to
assist all Canadians in achieving their financial goals."
- Michael Dawe, Senior Vice-President,
Individual
Founded in 1920, Equitable Life of Canada is the largest
federally regulated mutual life insurance company in Canada,
offering a wide selection of quality financial products in
individual life and health insurance, group life and health
insurance, annuities, segregated funds and retirement plans as well
as commercial mortgages. Equitable Life of Canada, which is known
for its highly personal and responsive services, employs more than
500 staff members at its head office in Waterloo and in regional
offices across Canada. More than 10,000 advisors represent the
Company, from British Columbia to Ontario and the Atlantic
provinces.
