Assumption Life Funds

We offer you access to 42 segregated funds from our three renowned managers - CI Investments, Fidelity Investments and Louisbourg Investments. 

Mutual funds or segregated funds?
People often wonder how to grow the capital meant to fund their retirement. Contrary to bank mutual funds, insurance companies offer segregated funds that allow you to protect your capital.
 
A segregated fund is similar to a mutual fund, but generally comes with a guarantee upon death and a guarantee upon maturity. If you die before the maturity date and the value of the fund is less than the initial amount invested, this guarantee reimburses the difference. The guarantee may be lower if you make deposits after a certain age. For example, Assumption Life has a decreasing guarantee scale applicable after the annuitant's 77th birthday.  
 
Both types of funds have a number of things in common:

  • They invest in stocks, bonds and money market funds.
  • They offer potential for growth.
  • They allow diversified investments.
  • They are eligible for registered and non-registered plans.

Segregated funds offer six clear advantages that mutual funds do not.
  1. Payout guarantee upon maturity: Upon maturity, the amount invested in your segregated fund is 75% guaranteed.
  2. Payout guarantee upon death: Upon your death, the amount invested in your segregated fund is 100% guaranteed.*
  3. Protection against creditors: The designation of one or more beneficiaries according to the class of insurance beneficiary prescribed by law potentially offers protection against the seizure of your funds.
  4. Simplified and less expensive settlement: Upon your death, the amount payable is paid directly to any designated beneficiaries without going through your estate, thereby eliminating estate fees.
  5. Insurance protection: Should your insurer declare bankruptcy, Assuris, a non-profit company protecting Canadian insurance holders, guarantees that you will receive 85% of the amount guaranteed upon maturity, or $60,000, whichever is greater.*
  6. Designation of a beneficiary for non-registered contracts: Estate planning and intergenerational wealth transfer can be facilitated by designating a beneficiary.

*Under certain conditions
 
Segregated funds offer strong potential for diversification and growth. Offered with certain guarantees upon death and maturity, they are a great option for investors approaching retirement or those who want to secure their investments.