{"url":"https://newsforagent.com/news/2026-10-19/empire-life-segregated-fund-lineup-expansion","markdown_url":"https://newsforagent.com/news/2026-10-19/empire-life-segregated-fund-lineup-expansion.md","title":"Empire Life Adds Six Segregated Funds and 10 Class Plus 3.0 Funds","headline":"Empire Life Expands Segregated Fund Lineup With Six New GIFs and 10 Class Plus 3.0 Additions","description":"Empire Life launched six new Guaranteed Investment Funds and added 10 funds to Class Plus 3.0, its guaranteed minimum withdrawal plan for retirees.","section":"Product Launches","published_at":"2026-10-19T15:19:09+00:00","modified_at":"2026-10-19T15:19:09+00:00","author":"News Desk","key_takeaways":["Empire Life introduced six new Guaranteed Investment Funds, including the Empire Life Vanguard All-Equity ETF Portfolio GIF and the Empire Life Dynamic Premium Yield GIF.","Ten funds were added to Class Plus 3.0, the first time third-party managers have been included in the program.","Empire Life updated risk classifications for several segregated funds, including the Empire Life Dividend Growth GIF, which moved from Low to Medium."],"companies":[{"name":"Empire Life Insurance","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00064cl/empire-life-insurance","website":"https://www.empire.ca"},{"name":"Dynamic Funds","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0004zcg/dynamic-funds","website":"https://dynamic.ca/en.html"},{"name":"Fidelity","is_primary":false,"profile_url":"https://akta.pro/company-profiles/00002k3/fidelity","website":"https://www.fidelity.com"}],"source":{"publisher":"Newswire","title":"Empire Life expands investment lineup with six new segregated funds and 10 Class Plus® 3.0 additions","url":"https://www.newswire.ca/news-releases/empire-life-expands-investment-lineup-with-six-new-segregated-funds-and-10-class-plus-r-3-0-additions-860247110.html"},"other_sources":[],"tags":["Product Launches","Empire Life Insurance","Dynamic Funds","Fidelity"],"body_markdown":"[Empire](https://akta.pro/company-profiles/00064cl/empire-life-insurance) Life announced six new Guaranteed Investment Funds and ten additions to its Class Plus 3.0 program on October 19, 2026, expanding its segregated fund lineup. The insurer said the new funds draw on strategies from Vanguard, [Fidelity](https://akta.pro/company-profiles/00002k3/fidelity) and Dynamic. The company said the expansion is designed to give investors and their advisors more choice and broader diversification.\n\n## Empire Life's Six New Guaranteed Investment Funds\n\nThe six new GIFs include two globally diversified equity solutions: the Empire Life Vanguard All-Equity ETF Portfolio GIF, which provides broad market exposure through a low-cost index approach, and the Empire Life Fidelity Global Equity+ GIF, which combines multiple investment styles and managers in one portfolio. Three Canadian equity and income options were also added: the Empire Life Canadian High Dividend Yield Index ETF GIF, a Vanguard strategy focused on dividend-paying companies; the Empire Life Fidelity Canadian Large Cap GIF, an actively managed, value-oriented strategy; and the Empire Life Fidelity Dividend GIF, which invests in companies with strong free cash flow and balance sheets. The sixth fund, the Empire Life Dynamic Premium Yield GIF, is an alternative income strategy that uses options-based techniques to generate income and reduce volatility.\n\n\"We're committed to providing intelligent investment solutions that help Canadians achieve their financial goals,\" said Paul Holba, Senior Vice-President and Chief Investment Officer. \"This expansion of our segregated fund lineup gives investors and their advisors greater choice, broader diversification opportunities, and access to a range of investment strategies from leading investment managers.\"\n\n[Dynamic Funds](https://akta.pro/company-profiles/0004zcg/dynamic-funds) announced a non-cash distribution for its Dynamic Active Global Equity Income ETF on October 16, 2026, payable October 28, 2026 to record holders as of October 23, 2026, according to [Newswire](https://www.newswire.ca/news-releases/empire-life-expands-investment-lineup-with-six-new-segregated-funds-and-10-class-plus-r-3-0-additions-860247110.html).\n\n## What Empire Life Added to Class Plus 3.0\n\nTen funds joined Class Plus 3.0, which Empire Life describes as the only remaining traditional guaranteed minimum withdrawal plan in Canada. The additions include the Empire Life Multi-Strategy Global Conservative Portfolio GIF, the Empire Life Vanguard Conservative Income ETF Portfolio GIF, the Empire Life Short Term High Income GIF, the Empire Life Multi-Strategy Global Balanced Portfolio GIF, the Empire Life Vanguard Conservative ETF Portfolio GIF, the Empire Life Strategic Corporate Bond GIF, the Empire Life Multi-Strategy Global Moderate Growth Portfolio GIF, the Empire Life Vanguard Balanced ETF Portfolio GIF, the Empire Life Purpose Global Bond GIF and the Empire Life Multi-Strategy Global Growth Balanced Portfolio GIF. Empire Life said the additions mark the first time third-party managers have been added to the program.\n\n## Empire Life's Fund Renames and Risk Reviews\n\nEmpire Life is changing the name of Concentric CI Global Equity GIF to Concentric CI Global Equity Growth GIF to reflect a similar change in the underlying fund. The insurer also updated risk classifications for several segregated funds following a periodic internal review, with the changes reflected in recently released Fund Fact sheets. The Empire Life Dividend Growth GIF moved from Low to Medium, the Empire Life Elite Equity GIF moved from Low to Medium, and the Empire Life Emblem Conservative Portfolio GIF moved from Low to Low to Medium.\n\n## Empire Life's Recent Capital and Benefits Moves\n\nEmpire Life completed a $200 million preferred shares offering in December 2025 to bolster capital flexibility, according to akta.pro [company records](https://akta.pro/company-data). The same records show segregated fund assets surpassed $10 billion as of Q3 2025. Empire Life reported Q2 2026 common shareholders' net income of $83 million, a $51 million increase compared to Q2 2025, according to Yahoo. The insurer announced a $250 million private placement of 4.221% subordinated debentures due May 26, 2036 in May 2026, according to Newswire.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}