Exchange Traded Funds (ETFs) is another low-cost investment offered by insurance companies like BMO Insurance. BMO GIF funds come with guarantees at maturity and death.
To reach a financial goal at lesser risk, diversification is necessary. Allocate assets by putting a desired percentage in different venues – some in segregated funds, some in mutual funds, gold, stocks, certificates and bonds, ETFs, real estate financing and add them to your GMWBs.
Canadian investments are protected by the government. Assuris, a non-profit association designated by the federal government, protects benefits from life insurance companies like monthly income and cash value, as well as accumulated value – covering 85% of the value of deposits when an insurance company becomes insolvent.
Canadian Deposit Insurance Corporation (CDIC) insures eligible deposits at each member institution on specific categories of accounts as the banks’ up to $100,000, if a bank fails. See CDIC’s page which explains what is not covered.
With Assuris protection and the segregated funds guarantee, your money is far safer with insurance companies – giving you peace of mind.