Equitable Life launches multi-class segregated fund

Equitable Life of Canada has introduced Pivotal SelectTM, a new segregated fund contract that offers growth, protection, and flexibility to meet a wide range of individual investment needs, says the company.

Read: Equitable Bank launches high-interest savings account

Similar to the existing Pivotal Solutions product that it is replacing, Pivotal Select includes a resettable 100% Death Benefit Guarantee in its Estate Class. In addition, Pivotal Select also includes a new lower cost Investment Class as well as a new, transparent fee structure.

Read: Equitable Life launches simple-issue WL insurance

Pivotal Select is available as of today through insurance advisors. The existing Pivotal Solutions segregated funds product closes to new contracts on October 25, 2013.

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