No probates fees

One Key advantage of segregated funds is they allow investors to name a beneficiary. Upon death of the annuitant the proceeds are paid directly to the named beneficiary rather than passing through the estate; thus avoiding the delays (save time) and fees of probate (save money)*.

*In the province of Québec, no probate fee is applicable if the will is notorized.


Creditor Protection: Protection of your assets in the event of bankruptcy

Investments held with a life insurance company offer a certain level of creditor protection when a preferred or an irrevocable beneficiary is designated (Spouse, child, grandchild or parent of the person whose life is insured)*. The protection applies to both registered and non-registered funds.

*There are caveats and creditor protection is not guaranteed.
*In Ouébec, protected family beneficiaries include a spouse, descendant or ascendant of the insured. As well, in Québec, the designation of a spouse is considered to be an irrevocable designation unless otherwise stated.


Maturity and death guarantees

Investors can count on receiving at least 75% of their principal investment (less withdrawals) in the event of the death of the annuitant or on maturity (minimum 10 years).


COMPCORP Protection

In the event of a sponsoring insurance company becoming insolvent, COMCORP is responsible for ensuring the Maturity and death benefits are honoured (within certain limits).


Click here for more info on segregated funds