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Segregated Funds (Mutual Fund-Type investments sold by Insurance Companies) Life Insurance companies have been selling mutual fund-type investments for many years. If these funds are sold by an insurer they are called Segregated Funds. Insurance companies have provided certain guarantees in their products that Mutual funds cannot and herein lies the major difference. Both of these investment vehicles invest in the stock market and can provide varying vehicles for future growth. Segregated Funds are better because they contain guarantees of principle. One of the common benefits is that the insurer will guarantee at least 75% of the fund value at death or maturity. Mutual Funds do not do this. Segregated Funds are also considered Insurance Contracts under the Income Tax Act. If you leave the proceeds of the fund to a named beneficiary in you family the value of the fund does not attract estate taxes or succession duties. If it is unregistered it may still attract a capital gain but that is unavoidable and is calculated in a similar way to a Mutual Fund. For more information about Segregated Funds or their performance contact us at : customer-service@dodgson-insurance.com << back to investments |
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