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Segregated funds could help diversify your savings and provide protection.
A segregated fund policy could be beneficial to anyone interested in diversifying their savings and providing protection from significant market downturns through guarantees.
A segregated fund is a collection of money distributed across a range of investments. The segregated fund is overseen by professional investment managers who are chosen by London Life using a strict and comprehensive review process. Investment managers involved in segregated funds are regularly monitored and their performance is consistently evaluated.
Segregated funds can offer you and your beneficiaries protection through maturity and death benefit guarantees. These guarantees ensure your original investment is guaranteed – either 75% or up to 100% of your original value through a “top up” at the time of your death or maturity date. (Keep in mind, however, that withdrawals decrease your guarantees proportionately.)
Segregated funds can also be flexible – once you’ve established a segregated fund policy, you can switch to a different fund at any time. You can also choose to make either lump sum or regular contributions and you can withdraw money from your segregated fund, should you need it – just keep in mind that this will affect your maturity and death guarantees.1
The HelloLife retirement program combines segregated funds and income annuities. The goal: to craft a comprehensive retirement program that can provide you with a steady income throughout your retirement years. For more information on HelloLife, talk to your financial security advisor.
A segregated fund policy may even be able to help you ensure a future income. By including the optional lifetime income benefit (LIB) option, you can protect your investment against the possibility of outliving your money or significant downturns in the market.2 No matter how the segregated funds themselves perform, your guaranteed income amount will not decrease and may increase through bonuses and resets.3
Segregated fund policies may be safe from creditors if you are sued or file for bankruptcy. They can also help you to seamlessly pass on your wealth when you die.4
Should you pass away, the individual you’ve selected to settle your affairs could be faced with a stressful situation. A segregated fund policy can help with this process because the death benefit will go straight to your named beneficiaries instead of going through your estate. In the end, this has the potential to make the process of passing on your wealth both seamless and relatively stress-free.
1 Certain charges may apply when withdrawals are made.
2 A monthly charge may be applied in order to access the LIB option.
3 Excess withdrawals from the lifetime income benefit will affect the amount of money available through the lifetime income amount. Speak with your financial security advisor to learn more.
4 Creditor protection depends on court decisions and applicable legislation, which can be subject to change and can vary from each province; it can never be guaranteed. Talk to your lawyer to find out more about the potential for creditor protection for your specific situation.
London Life Segregated Fund Policies Information Folder, Including Preferred Series 1
London Life Preferred Series 2 Segregated Fund Policies Information Folder
London Life Freedom Funds and Marketwatch Policies Information Folder
London Life Estate Protection Funds Policy Information Folder
London Life Estate Protection Segregated Funds Policy Information Folder
If you would like a printed copy of these documents, please contact us.
London Life Segregated Fund Policies
London Life Segregated Fund Policies Preferred Series 2
London Life Freedom Funds
London Life Estate Protection Funds
London Life Segregated Funds Estate Protection
Working with a financial security advisor can provide you with the tools and expertise you need to plan for the future.