Empire Life Insurance Company has introduced Class Plus 2, its next generation of guaranteed withdrawal benefit (GWB) solutions.

“Class Plus 2 offers Canadians new features and less worry during retirement,” says Julie Yoshikuni, vice-president of investment products and marketing.

The new class lets customers choose between single- or joint-tiered income starting at age 55, as well as a 5% income base bonus, new worry-free automatic income base resets, and flexible retirement income privileges that will adapt to changing retirement plans.

“Our customers place high value on automatic features and on having the [ability] to discontinue and resume taking income when they’d like,” says Yoshikuni.

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