 Segregated Funds Investments
Why Choose Segregated Funds?
Personal Protection for Business Owners, Professionals, Company Officers or Directors
All of the individuals mentioned above may be subject to personal liability as a result of their professional activities. Creditor protection is critical for any individual whose work might jeopardize personal assets. A segregated fund is held within an insurance contract, so assets may be protected from creditors under certain conditions.
Assets of the annuitant may be protected if the named beneficiary of the contract is a spouse, parent, child, or grandchild of the annuitant, or if the named beneficiary is irrevocable. In Quebec, the named beneficiary should be a spouse, parent, child, or grandchild of the contract holder.
While the creditor proofing value of segregated funds is effective in most situations when certain conditions are met, clients should consult legal advisor's to discuss their specific situation and ensure their investments are protected from creditors.
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