October 1, 2013 - Equitable Life of Canada announced today the introduction of
Pivotal SelectTM, a new
segregated fund contract that offers growth, protection, and
flexibility to meet a wide range of individual investment
needs.
Similar to the existing Pivotal Solutions product that it is
replacing, Pivotal Select includes a resettable 100% Death Benefit
Guarantee in its Estate Class. In addition, Pivotal Select also
includes a new lower cost Investment Class as well as a new, more
transparent fee structure.
"Segregated funds have continued to remain a key component of
many portfolios as individual investors seek growth with the
comfort of guarantees", said Judy Williams, Assistant
Vice-President, Savings and Retirement at Equitable Life.
Estate Class targets investors who want to grow their savings
with the protection of enhanced guarantees, while Investment Class
is well-suited for investors who want to build their portfolio with
flexibility and maximize their growth potential with the lowest
fees.
Other exciting enhancements include a refreshed fund line-up,
more competitive management expense ratios, and increased deposit
ages. Pivotal Select includes investment options offered by
in-house and third-party managers and cover all major asset
classes: fixed income, balanced funds, and Canadian and global
equities. Clients can access their investment information
anytime, anywhere, on Equitable Life's recently-launched Client
AccessTM online
portal.
Pivotal Select is available October 1st through insurance advisors.
The existing Pivotal Solutions segregated funds product closes to
new contracts on October 25, 2013.
About Equitable Life of Canada
Since 1920, people have been depending on Equitable Life
of Canada for financial protection. As one of the largest mutual
life insurance companies in Canada, Equitable Life is dedicated
solely to its policyholders. Everything we do is focused on
providing them with personalized service, security and wellbeing.
Through Managing General Agencies and Advisors across Canada, we
offer a wide selection of competitive Individual Life and Health,
Savings and Retirement, and Group Benefits products to meet a range
of financial planning and health needs.
Media Relations Contact:
Don Bisch
Director of Corporate Communications
519.904.8017
dbisch@equitable.ca
