Industrial Alliance launches Ecoflextra - a lifetime guaranteed retirement income product

    A flexible investment solution that guarantees a lifetime income with all
    the growth potential of the market

    QUEBEC CITY, Dec. 3 /CNW Telbec/ - Industrial Alliance Insurance and
Financial Services Inc. is pleased to announce the launch of Ecoflextra, its
new retirement income product that offers the two most sought-after features
for retirement: protection and growth. Ecoflextra effectively ensures
investors of a retirement income guaranteed for life, while allowing them to
profit fully from all the growth potential of the market. Ecoflextra also
offers investors the possibility of being credited a 5% bonus on their
guaranteed income for the first 15 years of the contract if no withdrawal is
    "All retirees and anyone planning their retirement know that they have to
protect themselves from three risks that could compromise their retirement
income: the risk of depleting their investments during their lifetime, the
risk of diminished purchasing power due to inflation and the risk of a
sizeable decline in the value of their investments following a downturn in the
stock markets," explained Bruno Michaud, Senior Vice-President, Administration
and Sales. "Ecoflextra offers a solution to manage all these risks. It
provides a lifetime retirement income that is secure and predictable, with the
possibility for investors to profit from potential market upswings, and even
to take advantage of a bonus. Ecoflextra is therefore the ideal investment
tool for a retirement without financial worries."

    Multiple advantages

    Ecoflextra includes numerous advantages to satisfy clients' various

    -   Annual retirement income equivalent to 5% of investments, for life or
        for a minimum period of 20 years, which allows the investor to
        recover their entire investment, even if markets abruptly go down

    -   A yearly bonus of 5% of the guaranteed income, for the first 15 years
        if no withdrawal is made during the year, which gives the investor a
        yield that can reach 75%, no matter the market returns

    -   Guaranteed resets every three years during market upswings, which can
        increase the minimum guaranteed income as well as the bonus amount

    -   A 100% capital guarantee at death, reset every three years

    -   Access to more than 38 investment funds managed by renowned
        professionals in Canada and abroad

    -   Transfers between funds, without fees

    -   Possibility of redeeming funds at all times, if needed

    Increased flexibility

    Furthermore, Ecoflextra stands out from other products on the market by
its considerable flexibility. For instance:

    -   Investors can carry forward their unused income and surrender it over
        subsequent years
    -   Aggressive investors who want to invest 100% of their funds in stocks
        can do so at age 65 by choosing an income guaranteed for a 20-year

    -   Fees related to the guaranteed income, in addition to competitive
        management fees, are deducted on a quarterly basis, instead of the
        full amount being deducted at the beginning of the year

    -   Clients can invest inside the Classic Series investment funds to meet
        an occasional need for cash-such as the purchase of a car-without a
        penalty on the contract guarantees

    "After consulting our clients and our partners, we decided to offer a
flexible product that adapts to the client's specific needs," said Mr.
Michaud. "For example, no other retirement income product offers as many
investment options: Guaranteed Interest Funds equivalent to Guaranteed
Investment Certificates, two series of investment funds-one offering a
guaranteed income and the other allowing occasional withdrawals-and a Life
Investment that is the only one of its kind in the market."
    Ecoflextra also allows investors to profit from all the advantages of
segregated funds, such as the possibility of avoiding probate fees, protection
against potential creditors and avoiding surrender fees at death.

    About Industrial Alliance

    Founded in 1892, Industrial Alliance Insurance and Financial Services
Inc. is a life and health insurance company that 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. The fifth largest life and health
insurance company in Canada, Industrial Alliance is at the head of a large
financial group, which has operations across Canada as well as in the western
United States. Industrial Alliance contributes to the financial well-being of
over 3 million Canadians, employs more than 2,900 people and manages and
administers over $50 billion in assets. Industrial Alliance stock is listed on
the Toronto Stock Exchange under the ticker symbol IAG. Industrial Alliance is
among the 100 largest public companies in Canada.

For further information:

For further information: Jacques Carrière, Vice-President, Investor
Relations, (418) 684-5275, cell: (418) 576-3624,;

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