Enhancements include new strategies, expanded death benefit guarantee, and additional no-load sales charge option
BMO Insurance has enhanced its offering of guaranteed investment funds (GIFs) with new investment, guarantee, and no-load sales charge options.
“During these unprecedented times, we continue to develop solutions to safeguard the financial wellbeing of our clients,” said Steven Cooney, senior vice president and head of Individual Life and Annuities, BMO Insurance.
The BMO GIF portfolio now includes two new funds. The BMO Concentrated Global Equity GIF, which focuses on stocks whose earnings and cash flow growth rates are more sustainable than the market average, invests directly in the high-conviction BMO Concentrated Global Equity Fund.
Meanwhile, the BMO Concentrated Global Balanced GIF caters to more risk-averse investors by coupling the performance potential of the BMO Concentrated Global Equity GIF with peace of mind from fixed income.
BMO Insurance has also announced that the 100% death benefit guarantee on its GIF 75/100 Plus offering will be extended from age 80 to age 85, providing older clients with enhanced opportunity for estate preservation and wealth transfer protection.
And with a new no-load sales charge option, BMO Insurance is offering financial advisors greater flexibility to offer clients access to their funds at any time without being hit with any surrender charges.
“The recent market correction demonstrates the importance of having a diversified, global investment strategy to grow and protect wealth,” Cooney said.
