Empire Life is changing the way that the GIF Insurance Fee is calculated and collected for all GIF contracts.
Not rendering correctly? View this email as a web page here.

Change to collection of GIF Insurance Fee

Effective November 1, 2019, Empire Life is changing the way that the Guaranteed Investment Fund (GIF) Insurance Fee is calculated and collected for all GIF contracts to align with industry common practices. The change will apply to all GIF products (GIF 75/75, 75/100, and 100/100) in new and existing GIF contracts.

The GIF Insurance Fee will be calculated and collected through each fund’s Net Asset Value (NAV). Going forward the fund's NAV will include all fund costs in the MER (management fee, operational expenses, and insurance fee) to give customers a complete assessment of the performance of their GIF segregated funds.

Download Information Circular

To find out more, contact your Empire Life sales representative today.

Empire Life Retirement & Savings Tool

FOR ADVISOR USE ONLY