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Industrial Alliance Buys Money Concepts and AEGON Canada
Industrial Alliance (IA) has obtained all regulatory authority approvals for the acquisition of National Financial Corporation, the parent company of AEGON Dealer Services Canada Inc., Money Concepts Limited and National Financial Insurance Agency Inc, the company announced in a press release.
This transaction strengthens IA's position as a leader in the distribution of mutual funds in Canada by expanding its diversified network of independent financial advisors. IA's two mutual fund dealerships, Investia Financial Services Inc., and FundEX Investments Inc., have over $17 billion in mutual fund assets under administration and over 2,500 financial advisors, making IA one of the five largest non-bank owned mutual fund dealerships in Canada.
You can read the entire press release here.
Posted by Chantal Marr.
Direct line: 905.248.4849 Email:
To whom it may concern;
Dear Sir/Madam,
I’ve been paying for $…. month and I’m not sure what kind of policy I’m insured for. I will appreciate if you can send me the copy of this policy because I dont have a proof of document nor to recieve any updated statement regarding this policy.
Thank you.
Sincerely,
Wilma
Me to, Wilma.
My value went down in 2011 and my premium went way up. What’s up and what is it’s value???????
D Tompkins
I’m not sure if you are referring to the accumulated value or the cash surrender value (accumulation find minus any surrender charges) You would have to contact your advisor/broker or Industrial Alliance directly at 1-800-463-6236.
What kind of a figure ie $$$ are we talking for “surrender charges”.
What do you mean “accumulation find”
DT
The accumulation fund is the amount of cash value built up in the policy before any surrender penalties. The surrender penalty varies from company to company and policy yo policy but is usally a percentage of accumulation fund. It generally starts at 100% in the early policy years and goes down each year reaching 0% in year 10.