What is a Canada Life segregated fund?
A Canada Life segregated fund policy gives you the opportunity to grow your investments in the financial markets.
Each segregated fund is a professionally managed pool of money spread across a number of different investments, which helps both diversify your savings and protect them from dips in the market. Segregated fund policies offer customizable guarantees that help protect your investment and help preserve the money you’ve worked hard to save.
Who is it for?
A segregated fund policy is for those who are interested in investing and retirement planning but want added security, both on their investment, and for their family. It provides your retirement income portfolio with flexibility and the potential for growth, and carries with it the benefits of a life insurance policy.
How does it work?
A segregated fund policy gives you the opportunity to grow your wealth in the financial markets, while also offering insurance protection to guarantee the money you invest.
These guarantees protect part or all of your investment; when you reach the policy maturity guarantee date or pass away, if your investment is worth less than its guaranteed value, the insurance protection will top-up the policy to your chosen percentage – either 75% or up to 100% of your original value (proportionately reduced by any withdrawals).
How does it benefit you and your family?
Maturity and death benefit guarantees
Plan more effectively for retirement and other major life events with the knowledge that part or all of your investment is protected.
Fast estate settlement
If you name a beneficiary, the death benefit they receive isn’t subject to the delays and expenses of the probate process. When you name a beneficiary other than the estate, several estate planning options are available to organize an income stream for your named beneficiary, in addition to the traditional option of a lump-sum benefit.
Talk to an advisor
Not feeling confident in your finances? You can talk to an advisor who will work with you to craft a financial plan tailored to your needs.