Universal Life Insurance | Modifications to the investment options – June 2021

Submitted by Victoria on April 20, 2021 - 4:00pm

Universal Life Insurance - Changes to Investment Options June 2021  We would like to announce that as of June 18, 2021, changes will be made to the investment accounts offered with universal life insurance. Summary of changes Removing and adding accounts On June 18, 2021 , the Morgan Stanley Global Real Estate account will be closed and assets will be transferred to the new CI Global Real Estate account . During the week of May 10 , clients with a balance in the Morgan Stanley Global Real Estate account will receive a letter regarding its closure. Please note that unless you or your client advises otherwise, by June 4, 2021 , the account balance will automatically be transferred to the CI Global Real Estate destination account .

As of June 21, 2021 , in addition to the addition of the CI Global Real Estate account , the 100% Equity Strategy account will enhance our offering in order to better meet the needs of investors seeking returns linked to full exposure to the equity markets. . Guaranteed annual fees

Below is a table of guaranteed annual fees depending on the version of the universal life insurance product your client owns.

UL = universal life insurance Strategy account managers We will add GQG Partners, a new manager, to the Strategy accounts . GQG Partners is an investment company specializing in foreign equity strategies. As of June 21, 2021, a portion of the foreign equities currently managed by Fiera Capital will therefore be managed by GQG Partners. Updating insurance proposals and forms Several changes have been made in the insurance proposals and forms. As of June 7, 2021 , you can refer to our secure advisor site to view and order them. The transition rule As of  June 21, 2021 , for all new signed proposals, only  new versions (2021-05)  will be accepted. Updating the illustration software Changes to the illustration software, including updating the library, will be made shortly. You will be informed of the new version of the illustration software in a future communication. If you have any questions, please contact your SSQ Insurance representative.