Ask the Financial Planning, Insurance & Investments Expert – Christine Conway
The markets have been going up and down these days on news in China, oil prices and many other things that are outside of our control. As investors get closer to needing to use the money they have saved, it becomes more important to make sure that they know what they will have ready and waiting for them. Very few products can offer the combination of active participation in the markets and the benefit of a good night’s sleep.
Many investors are in mutual funds, which pool the resources of a number of investors with the same investment objectives. These funds are overseen by a fund manager.
Insurance companies offer segregated funds, which are similar to mutual funds except that as an insurance product, they have a layer of insurance wrapped around the investments.
Segregated funds are designed to protect 75% or 100% of the money that is invested in the markets for a time specified in the future, or as a death benefit. Many of these contracts have the unique ability to increase the amount under this protection as the funds do well over the years.
If you think segregated funds are a good fit for you, give us a call or 604-521-3778 or send me an email at firstname.lastname@example.org. We’re always happy to help.