Primerica Canada CEO Comments on Remarks Made by The Honourable Vic Fedeli, Ontario Minister of Finance
TORONTO--(BUSINESS WIRE)-- Earlier today, the Honourable Vic Fedeli, Ontario Minister of Finance, issued a statement regarding the Canadian Securities Administrators’ and the Ontario Securities Commission’s proposed amendments to the Province’s mutual fund sales practices. In support of the Minister’s remarks, John Adams, CEO of Primerica Canada, issued the following statement:
“For over 30 years, Primerica has worked to meet the financial needs of middle income families throughout Canada by helping them better prepare for a more secure financial future through term life insurance and through mutual funds and other investment products. We applaud the statements by Minister Fedeli regarding the Ontario Government’s commitment to enabling families and investors to save towards retirement and other financial goals. We share in this commitment.”
About Primerica, Inc.
Primerica, Inc., headquartered in Duluth, GA, is a leading distributor of financial products to middle income households in North America. In Canada, Primerica is headquartered in Mississauga, Ontario, where it has nearly 250 full-time employees. Primerica representatives educate their clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance and segregated funds through Primerica Life Insurance Company of Canada, mutual funds through PFSL Investments Canada Ltd., as well as debt consolidation loans, disability insurance and other financial products, which it distributes primarily on behalf of third parties. Across North America, Primerica insured more than 5 million lives and had over 2 million client investment accounts at December 31, 2017. Primerica stock is included in the S&P MidCap 400 and the Russell 2000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”.
Keith Hancock, 866-694-0420
Source: Primerica, Inc.
Released September 13, 2018