LIFE AND DISABILITY
SEGREGATED FUNDS
Segregated funds are the insurance industry's equivalent of mutual funds with three key differences. Firstly, because they fall under insurance legislation, they must guarantee to repay at least 75% of your investment principal at maturity or death - whichever comes first. Many companies give you the opportunity to extend this to 100%.
The second major difference is that segregated funds offer better protection from creditors as the funds are inside a contact with a life insurance company and these types of contracts are protected from creditors. This makes them an excellent choice for business owners and other self-employed individuals.
A final advantage of segregated funds is that if a preferred beneficiary is named, you save probate fees upon death as the money passes directly to the beneficiary.
North Battleford Agencies offers a choice of segregated funds to suite our particular needs. We invite you to come in to see if segregated funds are an appropriate part of the investment planning puzzle piece.
© 2008, Battleford Agencies