Segregated Funds

RRSPs and RRIFs GICs Medical Plans Segregated Funds Critical Illness Coverage Life Insurance Products

Segregated Funds might be viewed as close cousins to mutual funds; Professional management Diversification Wide variety of investment options Performance often among the best in any fund category The difference between seg funds and mutual funds are important. First, you should know that seg funds are insurance company products and so are administered under the insurance acts of each of the provinces. Mutual funds are administered under securities legislation. The difference between the acts doesn't matter and one act isn't better than the other. As seg funds come to you in insurance contracts, you can name a "preferred" beneficiary. This will allow the proceeds of your contract to go directly to that "preferred" beneficiary, bypassing the estate and therefore bypassing the probate fees of the province involved. In B.C., probate fees are 1.4% of your estate above $50,000! As well, you are afforded a degree of confidentiality not available when assets pass through your will. This "preferred" beneficiary designation may also make it possible to shelter your money from creditors in the event of bankruptcy or lawsuit. While this feature has been tested in B.C. courts, there are rules that must be followed so if you are a self-employed or professional person, call us to find out more about the creditor-proof features of segregated funds. Another feature of segregated fund contracts is that they come with long term performance guarantees and death benefit guarantees. These allow you to combine strong long-term growth with a safety net not available with similar investment options. We are the experts on segregated funds. Let us show you their many unique benefits.