KINGSTON, ONTARIO -- (Marketwire) -- 01/09/13 -- The Empire Life Insurance Company (Empire Life) today introduced Class Plus 2, the next generation of its guaranteed withdrawal benefit (GWB) solution.
"Class Plus 2 offers Canadians new features that provide greater flexibility and less worry during retirement," said Julie Yoshikuni, Vice-President, Investment Products and Marketing.
Class Plus 2 gives customers a choice of single or joint tiered income starting the year they turn age 55, a 5% income base bonus, new worry-free automatic income base resets, and flexible retirement income privileges designed to adapt to changing retirement plans.
"We believe Class Plus 2 can play an important role adding predictability and flexibility to an income-oriented portfolio. In a rapidly changing world, our customers place high value on automatic features and having the flexibility to discontinue and resume taking income when they'd like to," said Ms. Yoshikuni. "Class Plus 2 has been designed to meet the changing needs of our customers in retirement."
To find out more information about Class Plus 2, visit www.empire.ca.
About Empire Life
A subsidiary of E-L Financial Corporation Limited and in business since 1923, Empire Life helps Canadians build wealth and protect their financial security with competitive individual and group life and health insurance, investment and retirement products. The company's vision is to be the leading, independently owned, Canadian financial services company committed to simplicity, being easy to do business with and having a personal touch.
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Senior Communications Specialist, Corporate Communications
613 548-1890, ext. 3422
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