What is a Segregated Fund?
Segregated Funds are investment funds which are offered by life insurance companies. The deposits you make to a Segregated Funds are used to purchase certain investments, the values of which fluctuate based on market conditions. A Segregated Fund is similar to a mutual fund. However, a Seg Fund has a number of distinct advantages:
Death Benefit Guarantee - All Segregated Funds must provide a guaranteed value upon your death. Wawanesa Life's Market Participation Option Segregated Funds have a death benefit guarantee of the greater of the market value of the funds, or 85% of the money put into the funds (net of withdrawals).
Maturity Guarantee - All Segregated Funds must provide a guaranteed value upon maturity of the plan of the greater of the market value of the funds, or 75% of the money put into the funds (net of withdrawals).
Beneficiary Designation Available - Naming a beneficiary assures you that at your death, the proceeds of the policy will be paid directly to your beneficiary without passing through a will. As a result, there will be no inclusion of Segregated Fund assets in your estate for probate or legal fees. An added benefit is that the funds will not be held while the estate is being settled.
Possible Creditor Protection - If certain beneficiaries are named, the Segregated Fund may be exempt from seizure by your creditors while you are living and at your death.
Segregated Fund Financial Information
Outlines the features of the Wawanesa Life's Individual Savings Plans, and the features and management of the Market Participation Option Funds.
Provides selected financial information about the 4 segregated funds we offer (Canadian Equity Index Fund, US Equity Index Fund, International Equity Index Fund, and Canadian Bond Fund) and a review of each fund's financial performance.
Includes the statement of net assets, the statement of investment portfolio and the statement of changes in net assets and operations of The Wawanesa Life Insurance Company Segregated Funds.
Segregated Fund Unit Values and Rates of Return
ANY AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE CONTRACT HOLDER AND MAY INCREASE OR DECREASE IN VALUE.