In Canada, variable annuities are referred to as segregated funds or seg funds. They are similar to mutual funds, but since they are issued by insurance companies, they offer features and guarantees.
Seg Funds are of particular interest to the self -employed (at any age), OR those within 10 to 15 years of retirement or already retired.
Seg Funds offer maturity guarantees of 75% or 100%. Some plans offer maturity "resets" or locking in of investment gains. Death benefit guarantees of 75% or 100%. Potential creditor protection is also available. More information is available at www.ProctectandGrow.ca
Not for everyone, but worth exploring.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
Note: A description of the key features of the segregated fund policy issued by the insurance company is contained in the information folder. Any amount that is allocated to a segregated fund is invested at the risk of the policy owner and may increase or decrease in value.
.JPG){kind=avatar}
Seg Funds are of particular interest to the self -employed (at any age), OR those within 10 to 15 years of retirement or already retired.
Seg Funds offer maturity guarantees of 75% or 100%. Some plans offer maturity "resets" or locking in of investment gains. Death benefit guarantees of 75% or 100%. Potential creditor protection is also available. More information is available at www.ProctectandGrow.ca
Not for everyone, but worth exploring.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
Note: A description of the key features of the segregated fund policy issued by the insurance company is contained in the information folder. Any amount that is allocated to a segregated fund is invested at the risk of the policy owner and may increase or decrease in value.