Death Benefit Gurantee

Segregated funds provide individuals with specific death benefit guarantees if the contract owner dies during the 10 year or 15 year contract period.  Death benefit guarantees differ between insurance companies and in most cases the death benefit guarantee will be a minimum of 75% of the money deposited by the contract owner.  Many insurance companies and segregated funds still offer a 100% death benefit guarantee upon death; however, in some situations insurers provide age restrictions on when contracts can be purchased. 

Death benefit guarantees are a “minimum”.  What this means is that upon death, an investor’s named beneficiary will receive the death benefit guarantee or the market value of the segregated fund investment, whichever is greater. 

Investors should read the Information Folder for important information on the segregated fundsof interest.  The Information Folder will contain information and details on factors affecting death benefit guarantees and how they work.  Segregated funds unit values fluctuate in value and redemptions or sales can be made at a loss. 

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