In Canada, variable annuities are often referred to as segregated funds or seg funds. They are similar to mutual funds, but since they are issued by insurance companies that have certain maturity and death benefits guarantees. Some even include locking in or resetting of the guarantees to "lock in" market gain.
The insurance company does provide some guarantees, however, any amount that is allocated to a segregated fund is invested at the risk of the policy owner and may increase or decrease in value. A description of the key features of the segregated fund policy issued by the insurance company is contained in the information folder.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
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The insurance company does provide some guarantees, however, any amount that is allocated to a segregated fund is invested at the risk of the policy owner and may increase or decrease in value. A description of the key features of the segregated fund policy issued by the insurance company is contained in the information folder.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.