Investment Solutions
At Simplified Life Plan, we offer numerous investment and savings opportunities in Segregated Funds. Whether you are looking at an RRSP (Registered Retirement Savings Plan), or non-registered savings plan, we can help you get started. It is never too early to begin saving. Statistics show that more Canadians are spending their hard-earned income on debt, rather saving for their future.
What are Segregated Funds?
Segregated Funds (or seg funds) are basically the insurance industry’s version of mutual funds. Like mutual funds, Segregated funds are pooled investments where the investor deposits money with a professional fund manager in return for units of the fund. However, there are a few key benefits to owning Segregated funds, that you can’t get with mutual funds.
Benefits of Investing in Segregated Funds
Guarantees
Segregated funds are technically insurance products, and therefore, must offer insurance protection in the form of guarantees. There are two types of guarantees: a guarantee at maturity and a guarantee at death. (75–100% guarantee on your principal) Mutual Funds do not offer these same guarantees.
Creditor Proof
In most cases, creditors cannot touch your investments in Segregated Funds, as they are basically a form of life insurance, and have a named beneficiary.
No Probate
Since Segregated Funds have a named beneficiary, they bypass the estate and are not subject to probate fees. This can save your estate thousands of dollars in fees and taxes.
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