SEGREGATED VS MUTUAL FUND
MUTUAL FUND SEGREGATED FUND
Potential Creditor Protection (1) No * Yes
Death Benefit Guarantee No Yes
Maturity Guarantee No Yes
Probate Fee bypass (2) No (3) Yes
Estate Fees reduction (2) No (3) Yes
Privacy No Yes
Avoid Wills Variation Act No Yes
Quick proceeds disbursement at death No Yes
Non-registered Successor Annuitant No Yes
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(1)advisor to find out if they are eligible for this kind of protection. With appropriate beneficiary designation.
* Bankruptcy and Wage Earner Protection provides some creditor protection for RRSPs and RRIF in case of an unforeseen bankruptcy.
(2)Not applicable in Quebec as notarial wills do not need to be probated by the court and for non-notarial wills, probate fees are nominal.
3) Unless the contract is registered
(This document is for advisor use only and is not intended for distribution to the public)
JUL
About the Author:
I have been in the business since 1998. Started my career with Sunlife Financial and then progressed to working with a local financial institution for 5 years. As an investment broker I have access to a variety of products not available at your local financial institution. Let me illustrate how I can combine different products that can help you grow your investments and secure your retirement. Finances affect every part of a person’s life. It just makes sense to have a comprehensive plan of action.