Segregated Funds

Segregated funds are the insurance’s industry version of investment funds. They’re called segregated funds because the assets are kept separate from the company’s other assets. With segregated funds you get the best of both worlds – the possibility of higher returns also with guarantees on your contributions:

• Protection from creditors in most circumstances, with a preferred beneficiary.
• A maturity guarantee – you will receive the greater of the current market value for the units in your fund or 100% or 75% of prinicipal upon maturity of your contributions less any fees or withdrawals made earlier.
• In the event of your death, your named beneficiary will receive the greater of the current market value of the investment or 100% or your contributions less any fees or previous withdrawals made since issue.
• Creditor protection is available with these plans .
• Your named beneficiary will receive the proceeds right away with no probate fees.
• Spousal rollover is not available at death of annuitant for non-registered contracts.