Wednesday, April 25, 2007
Principal Protection Adds Appeal to VAs
The quick ramp to $1-billion in assets of Income Plus has sparked new competition in Canada's infant variable-annuity (VA) market.
Technically, it's just the term "variable annuity" that is new in the Canadian market. According to Manulife vice-president Bob Tillmann, the term is synonymous with segregated funds.
Seg funds have long been a fixture in Canadian life insurance companies, providing clients with some protection against market losses not normally available in ordinary equity mutual funds. Both seg funds and variable annuities use insurance contracts.
Principal Protection Adds Appeal to VAs
Source: Canada.com
Technically, it's just the term "variable annuity" that is new in the Canadian market. According to Manulife vice-president Bob Tillmann, the term is synonymous with segregated funds.
Seg funds have long been a fixture in Canadian life insurance companies, providing clients with some protection against market losses not normally available in ordinary equity mutual funds. Both seg funds and variable annuities use insurance contracts.
Principal Protection Adds Appeal to VAs
Source: Canada.com
Permalink posted by armandn @ 7:20 AM 
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