An Investing/Insurance Alternative
by: Jeff Lakie
Segregated funds are the insurance company's answer to mutual funds. There are many differences and similarities but if you are putting together a financial plan that includes insurance and investments, you'll probably want to consider a segregated fund.
Segregated funds are also called individual variable insurance contracts (IVIC's) and they'll be offered by a many insurance companies. Like mutual funds, they are investment vehicles, but like insurance, they have guarantees and tax advantages.
How are they like mutual funds?
Like mutual funds, you can choose to put your segregated fund money into any number of different types of segregated fund. For example you can choose growth oriented funds or bond funds or some combination of both, which provide you with an investment vehicle that matches your goals.
How are they like insurance products?
But there are four insurance-related aspects of segregated funds that make them an attractive product for many people.
1. First, is the maturity guarantee. A segregated fund offers a guarantee of at least 75% after 10 years (although some segregated funds offer maturity guarantees of 100%!).
2. As well, segregated funds offer attractive death benefits, which work in a similar way to the maturity guarantee: your survivors will receive the difference between the guaranteed amount and the market value of the fund at your death.
3. Because segregated funds are insurance products, they also offer creditor protection, so that if creditors seize your assets, they cannot touch your segregated fund.
4. Lastly, segregated funds bypass probate so that you can easily transfer the money to a beneficiary upon your death without the costly fees associated with probate.
Like all insurance and investment vehicles, segregated funds are not for everyone. For example, the guarantees do bring a higher cost in order to enjoy the segregated fund. However, segregated funds are growing in popularity, so many people feel that the guarantees are worth the cost.
These are just highlights of segregated funds. There are many more aspects you should be aware of. But, if you're interested in a segregated fund and what one can do for your financial portfolio, contact your insurance company and see if they sell them. If they do not, you can probably find another insurance company that will be able to help you if you look around.
About The Author
Jeff Lakie is the founder of http://www.my-boat-insurance.info and http://www.my-renters-insurance.info websites providing information on Insurance.
|
The Ins And Outs Of No Load Life Insurance
The Ins And Outs Of No Load Life Insurance
by: Jon Butt
What is no load life insurance? No load insurance is fairly uncommon, but many consider it better than the average whole life insurance package. Life insurance no-load simply means that it is not commissioned-based.
The first year payments are much less compared to traditional life insurance packages. No load life insurance also has other notable features like zero cash surrender charges and earlier cash value accessibility. However, most life insurance companies still do not offer no load insurance. Still, if there is no load insurance available in your area, you should consider getting no load insurance instead.
How Does No Load Insurance Exactly Work?
No load insurance isn't exactly made to eliminate the need for life insurance agents or brokers. Instead, the fee structure of no load insurance has been changed. Life insurance advisors are paid by potential life insurance...
The Ins And Outs Of No Load Life Insurance
Auto insurance > The Ins And Outs Of No Load Life Insurance
Key Person Life Insurance
Key Person Life Insurance
by: Ivon T. Hughes
Small businesses help keep our country going. But a small business needs help to keep going after the loss of someone vital to the company. There are options available you need to know about.
KEY PERSON IS ANYONE WHO IS IMPORTANT
In small to medium size businesses, the key person may be the business owner, a top sales rep or the person who does the financing. What would happen to that company if one of these key people were to suddenly die? There may be a rough period of transition until a replacement is found. If the owner was the one to die, that could mean the resulting death of the company. Losing the top sales person may mean losing some of those accounts that kept the business running.
YOU NEED LIFE INSURANCE ON THE KEY PERSON
The key person is someone who is vital to the company; someone who cannot be easily replaced and whose knowledge is key to the company. By not recognizing...
Key Person Life Insurance
Auto insurance > Key Person Life Insurance
Business Insurance
Business Insurance
by: Joseph Kenny
There is no denying the fact that success of a business depends on the hard work of the team but one disaster can wipe out your efforts and bring down the profits to dust. So, to avoid such an instance, you need to insure your business, whether it is a small enterprise or a large corporation.
There are insurance companies, which have policies that combine protection for all major property and liability risks in one package. You can also opt for separate coverage. Such a policy is called a business owners? policy (BOP). Larger companies may purchase a commercial package policy.
BOPs include property insurance for buildings and equipments owned by the company. If there is any loss of income due to disruption of operation and business because of accidents like fire, it can be covered under the Business Interruption Insurance.
There are liabilities, which cover the company's legal responsibility...
Business Insurance
Auto insurance > Business Insurance
An Investing/Insurance Alternative student loans Auto insurance
Demystifying The Tire Sidewall Code
Demystifying The Tire Sidewall Code
by: Debbie Pettitt
So, you need new tires for your car or truck, but how do you know what to buy? What do all those alphanumeric codes printed on the tire sidewalls mean, anyway?
If you're in the market for new tires, you may simply want to replace your worn tires with exactly the same tire it came with. But you MAY want to consider an upgrade. If you know how to read the tire sidewalls, chock full of valuable information,...
tires Demystifying The Tire Sidewall Code An Investing/Insurance Alternative Auto insurance
Auto insurance > Demystifying The Tire Sidewall Code
An Investing/Insurance Alternative Auto insurance razr phone
An Investing/Insurance Alternative home loans
Auto insurance
This page loaded in 0.21733 seconds.