TRANSAMERICA EXPANDS SEGREGATED FUNDS LINE
By Adnews Staff
Toronto-based Transamerica Life Insurance Company of Canada added four new segregated funds to its GROWSafe family of funds this week. The new products are: the Canadian 60 Equity Fund, the U.S. Equity Fund, the U.S. Bond Fund and the U.S. Balanced Fund. The Canadian 60 Index Fund holds a combination of investments intended to mirror the performance of the 60 top Canadian companies trading on the Toronto Stock Exchange. The U.S. Equity Fund invests mainly in U.S. growth companies that are considered to be premier companies and undervalued in the market. The U.S. Bond Fund invests in a portfolio of U.S. corporate and government bonds and the U.S. Balanced Fund includes a portfolio of actively managed U.S. stocks, bonds and other securities. Transamerica will promote the new segregated funds using ads in trade publications. The campaign was created in-house, with the help of an agency, who the company refused to name. There are 14 funds in the GROWSafe family of segregated funds. They feature a 100% guarantee at maturity or death, a rreset option that lets investors lock-in investment gains an unlimited number of times each year, potential creditor protection, ability to bypass probate fees and no reduction in benefits when policyholders reach age 80.