CI Global Asset Management and Empire Life Introduce CI Empire Life Concentric GIF, a New Suite of Segregated Funds
CI Global Asset Management and The Empire Life Insurance Company have launched the CI Empire Life Concentric GIF, a new segregated fund contract aimed at providing Canadian investors with enhanced investment options. The Concentric GIFs combine mutual fund benefits with insurance guarantees, promoting risk management and growth potential in a low-interest environment. The funds offer maturity and death benefits and are available for various accounts, simplifying estate planning. CI GAM’s extensive fund selection includes 22 mandates, catering to diverse investment preferences.
- Launch of Concentric GIFs enhances investment options for clients.
- Provides maturity and death benefit guarantees, appealing for estate planning.
- Offers 22 segregated fund options, enhancing flexibility and diversification.
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CI Global Asset Management (“CI GAM”) and The Empire Life Insurance Company (“Empire Life”) today announced the launch of CI Empire Life Concentric GIF (“Concentric GIFs”). Concentric GIF segregated fund contracts are issued by The Empire Life Insurance Company and combine the diversification, risk management, and growth potential of actively managed mutual funds with the security of insurance benefit guarantees.
“In the current environment of low interest rates and market uncertainty, investors need investment and estate planning strategies that allow them to achieve reasonable returns while managing risk,” said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM. “We believe that Concentric GIFs will be attractive for their simplicity, flexibility, added layer of security, and growth potential.”
“We’re pleased to work with CI GAM to offer Canadian investors more options to achieve their financial goals and plan their legacy,” says Steve Pong, Senior Vice President, Retail, Empire Life. “CI GAM shares our belief that the role of an advisor is fundamental to helping clients achieve financial security. Concentric GIFs represent a compelling investment option for advisors and their clients.”
The segregated funds available under the Concentric GIF contracts invest in underlying funds that are managed by CI GAM. The extensive choice of Concentric GIF mandates reflects CI GAM’s broad investment capabilities, with 22 segregated fund options – 15 individual and seven all-in-one managed solutions – allowing investors to access a range of management styles and geographic diversification across their preferred asset allocation, ranging from
The segregated fund structure simplifies estate planning with the potential to preserve capital and bypass any associated probate fees. The segregated fund contracts provide maturity and death benefit guarantees. The maturity benefit is equal to
For more information, please visit www.ci.com/concentric.
About Empire Life
Established in 1923 and a subsidiary of E-L Financial Corporation Limited, Empire Life provides individual and group life and health insurance, investment and retirement products to Canadians. The company’s mission is to make it simple, fast and easy for Canadians to build wealth, generate income, and achieve financial security. As of December 31, 2020, Empire Life had total assets under management of
About CI Global Asset Management
CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the Web at www.ci.com. CI GAM is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an independent company offering global asset management and wealth management advisory services with approximately
No offering is being made by this material. This communication is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.
CI Global Asset Management is a registered business name of CI Investments Inc.
CONCENTRIC is a trademark of The Empire Life Insurance Company. EMPIRE LIFE and the Empire Life logo are registered trademarks of The Empire Life Insurance Company. Certain names, words, phrases, graphics or designs may constitute trade names, registered or unregistered trademarks or service marks of CI Investments Inc. and are used with permission.
A description of the key features of the individual variable insurance contract is contained in the Information Folder for the product being considered. Any amount that is allocated to a Segregated Fund is invested at the risk of the contract owner and may increase or decrease in value. Please read the information folder, contract and fund facts before investing.
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FAQ
What are CI Empire Life Concentric GIFs?
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