What is Segregated Funds?
Segregated funds are insurance investment products that are similar to mutual funds; however, segregated funds must be issued in conjunction with a life insurance contract. Segregated funds investor may qualify for RESP, TFSA, RDSP and RRSP.
IVIC’s (Individual Variable Insurance Contracts)
IVIC’s are deferred annuity contracts between the policy owner and the insurance company. The policy owner makes deposits and the insurance company then invests the money in segregated funds.
Some Benefits Includes:
- Guaranteed maturity values from 75-100% of your principal after 10 years.
- Some segregated fund contracts also offer income guarantees.
- Segregated funds investment may also be protected from creditors.
- Provide a broad range of investment options similar to mutual funds.
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