7 Unique Features Of Segregated Funds
Segregated funds have seven unique features
- maturity guarantee
- returns at least 75% of deposits less withdrawals 10 years after the date of deposit (policy year or policy month)
- death benefit guarantee
- returns at least 75% of deposits less withdrawals at death before maturity date
- bypass probate
- beneficiary gets the guaranteed death benefit without the costs, scrutiny and delays of probate
- creditor protection
- since a life insurance contract
- bankruptcy protection
- reset feature
- favorable taxation
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