Great-West Life's new suite of multi-manager asset class funds are now ...
31.12.69
/CNW/ - Great-West Life Group Retirement
Services is now offering a comprehensive suite of multi-manager asset
class funds. Unique to the group retirement industry, the new
Harmonized asset class funds provide more diversification within a
single fund, making investment selection easier for group plan members.
Each of the four new Harmonized asset class funds is comprised of
several individual underlying funds, which are managed by different
leading investment managers. As a result, members have access to
multiple investment managers and multiple investment styles in a single
fund.
"Behavioural finance research shows members can be overwhelmed by
investment decisions, which can lead to inaction or procrastination,"
explains Jeff Aarssen, Vice-President of Group Retirement Services
Sales and Marketing at Great-West Life. "Our new Harmonized asset class
funds simplify investment decisions. Once members complete the Investment personality questionnaire and receive their recommended asset class mix, they don't need to select
several investment options for each asset class. Members can just pick
one Harmonized fund for each asset class."
bGreat West/b Life Assurance Term bLife Insurance/b Quotes for Men
Back in July 2003, Great West Life acquired Canada Life. This is why premium quotes from both life insurance companies are exactly the same on the Term4Sale rate comparison website.
Simply put, it makes no sense for Canada Life to compete with its parent company on pricing issues that directly cut into both companies' profits.
This article presents rate comparisons for male non-smoker and smoker applicants at different ages and for a million dollar policy with premium rates guaranteed for 10-year and 20-year terms. Term life insurance quotes shown represent rates for both Canada Life and Great West Life policies.
10-Year Term Life Insurance Rate Comparison for Male Non-Smokers
Provided the applicant is a non-smoking male at the age shown below, the following annual premiums are guaranteed to remain the same for 10 years from purchase date.
Age 20 … $630 yearly premium for 10 years 30 … $550 40 … $770 50 … $1,870 60 … $5,660 70 … $18,410.
Note that level premiums are actually lower at age 30 than at age 20 for the million dollar policy.
20-Year Term Life Insurance Rate Comparison for Male Non-Smokers
Because 20-year term life quotes are guaranteed to remain fixed for a longer risk period, the following rates from Great West Life and Canada Life are higher for the same ages under the above 10-year rate comparison.
Age 20 … $860 yearly premium for 20 years 30 … $840 40 … $1,430 50 … $3,910 60 … $12,750.
For 20-year term, level premiums at age 30 are modestly lower than at age 20. The Term4Sale rate comparison website offered no term life insurance quotes with a 20-year rate guarantee at age 70 from either Great West Life or Canada Life.
10-Year Term Life Insurance Rate Comparison for Male Smokers
Term life insurance quotes for a million dollar policy for men who smoke are twice as expensive as 10-year term insurance for non-smokers. The difference becomes more extreme at older ages because of higher mortality rates for smokers.
