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CI Global Asset Management (CI GAM) and Empire Life Insurance Co. have launched a new suite of segregated funds.

CI Empire Life Concentric GIFs come in 22 different options, offering investors access to the diversification, risk management and growth potential of actively managed mutual funds with the security of insurance benefit guarantees, according to a release.

The seg fund contracts, issued by Empire Life, invest in underlying funds managed by CI GAM and offer a variety of management styles and geographic diversification, ranging from 100% fixed income to 100% equity.

The new funds offer maturity and death benefit guarantees. The maturity benefit is equal to 75% of deposits (reduced proportionately by any withdrawals) on Dec. 31 of the year the annuitant turns 100. Death benefits come in two options: either 75% or 100% of deposits (reduced proportionately by any withdrawals) paid to a beneficiary upon the annuitant’s death.

“In the current environment of low interest rates and market uncertainty, investors need investment and estate planning strategies that allow them to achieve reasonable returns while managing risk,” Roy Ratnavel, executive vice-president and head of distribution for CI GAM, said in a statement.