News Archives

• October 2012
• September 2012
• August 2012
• July 2012
• June 2012
• May 2012
• April 2012
• March 2012
• February 2012
• January 2012
• December 2011
• November 2011
• October 2011
• September 2011

News By Category

• Audis Company News
• AXA
• BMO
• Canada Life
• Desjardins
• Empire Life
• GMWB
• IA Excellence
• Industrial Alliance
• Product Profile
• RBC
• Software
• SSQ LIfe
• Standard Life
• Sun Life
• Transamerica
• Underwriting

Standard Life to Suspend GLWB Sales

Posted in GMWB, Standard Life  ·  April 16, 2012  ·  (permalink)

Standard Life anncounced that is is tempratily suspending new sales of its Guaranteed Lifetime Withdrawal Benefit Product (GLWB), the Ideal Income Series.  The suspension of sales takes effect April 16th, 2012.

Standard Life’s suspension of GLWB sales will “remain in effect untill the economic and regulatory environments improve”. 

 

No Changes to Empire Life GMWB

Posted in Empire Life, GMWB  ·  April 13, 2012  ·  (permalink)

 

As you are aware, there have been a number of changes recently announced in the GMWB market place.  At this time Empire life is not planning on making any changes, only enhancements in 2012.  Empire is comfortable with the current Class Plus product offering because of the following key points:

• The conservative nature of our internally managed product differentiates us from others in the market place.
• Our timing into the GMWB marketplace was favourable.
• Our business mix of traditional segregated funds and GMWB is more heavily weighted towards traditional segregated fund assets then many of our competitors.