How can segregated funds help with estate planning?

Because the guarantees are supported by insurance contracts, in the event of the investor’s death, the proceeds of an insurance contract pass directly to the named beneficiary. The segregated fund assets are considered to be held outside of the estate and, thus, no probate fees or estate administration fees are payable. An additional benefit is greater privacy for the investor. Because probated wills are public documents, segregated funds passing directly to beneficiaries occur in privacy.

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