New Canadian Guaranteed Investment Funds

Posted on September 22, 2006 and updated June 8, 2010 in Life Insurance Canada News 1 min read
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RBC Insurance announced the introduction of RBC Insurance Guaranteed Investment Funds on Monday, available for sale beginning immediately.

RBC Insurance has selected 12 leading underlying mutual funds from the RBC Asset Management Inc. fund line-up for its segregated funds. Four portfolios have also been created, using these funds, to provide an innovative investment choice for consumers seeking the growth potential of mutual funds, with the security of a principal guarantee.

As segregated funds, the RBC Insurance GIFs offer additional unique features including maturity and death benefit guarantees, the ability to bypass probate, potential creditor protection, as well as the ability to reset the guarantee amount annually when the market value is in excess of the book value.