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In July 2021, CI Global Asset Management announced that the Sentry U.S. Growth and Income Corporate Class fund was renamed to CI U.S. Equity Income Corporate Class. As such, effective July 29, 2021, ivari updated the name of the Designated Index and the corresponding Managed Index Interest Option to reflect this change as follows:

prosperity Universal Life, ivari UniversalTM, WealthADVANTAGETM & EstateADVANTAGETM
Managed Index Interest Option Designated Index
PREVIOUS NEW PREVIOUS NEW
American Equity Index Interest Option CI U.S. Equity Income Index Interest Option Sentry U.S. Growth and Income Corporate Class CI U.S. Equity Income Corporate Class

We have since been informed by CI Global Asset Management that this fund will instead be named CI U.S. Equity Corporate Class. Accordingly, effective October 25, 2021, ivari updated the name of the Designated Index and the corresponding Managed Index Interest Option as follows:

prosperity Universal Life, ivari UniversalTM, WealthADVANTAGETM & EstateADVANTAGETM
Managed Index Interest Option Designated Index
PREVIOUS NEW PREVIOUS NEW
CI U.S. Equity Income Index Interest Option CI U.S. Equity Index Interest Option CI U.S. Equity Income Corporate Class CI U.S. Equity Corporate Class

There are no changes to the investment objective of this fund.

A message will be included in the policyholder’s statement, under the Keeping You Informed section, to let policyholders know about the change.

As well, policy contracts for prosperity Universal Life and ivari Universal Life policies issued on or after October 25, 2021 have been edited to reflect the correct fund name.

For any illustration done prior to October 25, 2021, where the policy is still pending on October 25, 2021, please inform your clients of the fund name change/correction. The LifeView illustration tool has been updated to reflect this change.

Get the latest version of LifeView today!

Published on: October 25, 2021

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P.O. Box 4241, Station A
Toronto, ON M5W 5R3

416-883-5000 . Telephone
1-800-846-5970 . Toll free
[email protected]

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ivari is a member of Assuris. Assuris is the not for profit organization that protects Canadian policyholders in the unlikely event that their life and health insurance company fails. Details about Assuris protection are available at www.assuris.ca.

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