QUEBEC CITY, Oct. 28, 2013 /CNW Telbec/ - Industrial Alliance is pleased
to announce the launch of SecurOption - Lifetime Retirement Income, a
new guaranteed lifetime retirement income option that is added to its
group retirement savings plans.
SecurOption is a simple, innovative and distinctive option offered in
Industrial Alliance's group RRSPs and in its deferred profit sharing
plans (DPSPs). It allows members to build a guaranteed lifetime
retirement income through their group retirement savings plan
contributions. They simply choose the portion of the contributions to
allocate to SecurOption; deferred annuities are then purchased
periodically with these contributions to provide them with ongoing
guaranteed retirement benefits.
"SecurOption addresses our clients' dire need for income security. More
and more, our clients are looking to increase the guaranteed portion of
their retirement income. Contributions to defined contribution pension
plans are subject to market ups and downs and don't give members the
opportunity to guarantee their retirement income. So SecurOption is the
missing piece of the puzzle for investors who are less risk tolerant
and seek more security in their plan," says Renée Laflamme,
Vice-President, Group Savings and Retirement.
The addition of SecurOption to Industrial Alliance's offering puts the
company at the forefront when it comes to group savings plans providing
Further solidifying Industrial Alliance's position as a leading service
provider in Canada, this initiative shows once again that clients are
the central focus at Industrial Alliance and that innovation and
service are at the heart of its strategy.
About Group Savings and Retirement
Group Savings and Retirement offers a wide range of products and
services adapted to the needs of savings and retirement plan members.
It offers savings products, such as defined contribution plans, as well
as institutional money management services and disbursement products.
It provides its plan members with a large choice of investment options,
such as segregated funds and guaranteed interest investments. With
regional offices across Canada, the Group Savings and Retirement sector
is one of the largest group savings and retirement service providers in
About Industrial Alliance
Founded in 1892, Industrial Alliance Insurance and Financial Services
Inc. is a life and health insurance company with operations in all
regions of Canada as well as in the United States. The Company offers a
wide range of life and health insurance products, savings and
retirement plans, RRSPs, mutual and segregated funds, securities, auto
and home insurance, mortgage loans and other financial products and
services for both individuals and groups. The fourth largest life and
health insurance company in Canada, Industrial Alliance contributes to
the financial wellbeing of over three million Canadians, employs more
than 4,300 people and manages and administers around $95 billion in
assets. Industrial Alliance stock is listed on the Toronto Stock
Exchange under the ticker symbol IAG.
SOURCE: Industrial Alliance Insurance and Financial Services Inc.
For further information:
Pierre Picard, Manager, Public Relations
Office: 418-684-5000, ext. 1660