Investing & Saving

Segregated funds are investment funds offered by Life insurance companies. They consist of a pool of investments of securities such as bonds, debentures and stocks that are managed by Fund Managers according to their mandate. Each Segregated Fund mandate will follow specific risk tolerance ranging from conservative to moderate to aggressive.

Unlike other investments available in the marketplace, Segregated Funds have unique features that provide guarantees to preserve capital, provide a lifetime income and can create a cost effective and efficient way to pass on wealth.

These Features Include:

• Maturity & Death guarantees
• Potential Creditor Protection
• Probate Protection (except in RESP accounts)
• Reset Option

To learn more about Segregated Funds and their unique features, Contact Us.

The basis of an annuity contract is the deposit of registered/non-registered monies with a life insurance company which in turn provides the investor with a guaranteed income for a predetermined period or for life.

There are various types of annuities available. These include:

Life Annuity SUB-TOPIC OF TOPIC 8

A life annuity provides you with a guaranteed lifetime income.

• The insurance company is responsible for managing how the money is invested
• The contract is non-reversible
• The contract does not allow for access to the invested capital
• Provides the highest guaranteed income payments for life
• Guaranteed income payments for as long as you live
• no risk of outliving your income
• additional joint and survivor option to transfer payments to your spouse/partner

To learn more about these products, Contact Us.

A life annuity provides you with a guaranteed lifetime income.

• The insurance company is responsible for managing how the money is invested
• The contract is non-reversible
• The contract does not allow for access to the invested capital
• Provides the highest guaranteed income payments for life
• Guaranteed income payments for as long as you live
• No risk of outliving your income
• Additional joint and survivor option to transfer payments to your spouse/partner
• Additional options to provide money to your beneficiary or estate when you die
• You may pass away before receiving all of your money back
• Adding extra options usually means a lower regular payment (such as providing payments to your spouse when you die)

To learn more about these products, Contact Us.

A term-certain annuity provides guaranteed income payment for a fixed period of time.

• The insurance company is responsible for managing how the money is invested
• The contract is non-reversible
• The contract does not allow for access to the invested capital
• Guaranteed income for a set period of time
• Your beneficiary or estate will receive any remaining benefit if you die before the end of the term period
• You may outlive the term chosen of your Term-Certain annuity

To learn more about these products, Contact Us.

Guaranteed Income for Life is a type of variable annuity that provides a guaranteed lifetime income with the option of having access to the money invested, if needed. It also offers the possibility of having your guaranteed income increase based on the market performance of the investments selected.

• The investor is responsible for managing how the money is invested
• The contract offers liquidity, if needed
• Allows for additional deposits
• Offers potential of increasing the guaranteed income payments based on performance of investments selected
• Additional joint/survivor option available
• No risk of outliving your income
• Protects the guaranteed income regardless of possible market downturn
• Wide selection of investment choices available

To learn more about these products, Contact Us.

Kelvin Chong & Associates offers many Banking solutions though Manulife Bank such as:

• Personal High Interest cheque/savings accounts
• Business High Interest cheque/savings accounts
• Credit Cards
• Lending solutions
• And more

To learn more about these products, Contact Us.