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Thursday, October 31, 2019 - 13:59

Change to the calculation and collection of the GIF Insurance Fee

Change to the calculation and collection of the GIF Insurance Fee

Effective November 1, 2019, Empire Life is changing the way that the Guaranteed Investment Fund (GIF) Insurance Fee is calculated and collected for all GIF contracts to align with industry common practices. The change will apply to all GIF products (GIF 75/75, 75/100, and 100/100) in new and existing GIF contracts.

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