Through this agreement, Primerica Canada’s advisors will have access to Canada Life’s seg fund shelf, enabling them to offer investment solutions that provide both growth potential and guarantees, as well as creditor protection.
Shewchuk also noted that this agreement supports Canada Life’s plans to attract more advisors across the country.
Segregated funds are an investment vehicle that combines the growth opportunities of mutual funds with the security provided by insurance guarantees. Seg funds can benefit Canadians across various income levels and age groups.
Their key features include:
- Growth potential through diversified portfolios, alongside maturity and death benefit guarantees.
- Creditor protection, particularly valuable for small business owners and professionals managing liability risks.
- A streamlined estate planning process, allowing proceeds to go directly to beneficiaries.
John Adams, CEO of Primerica Canada, emphasized the importance of this partnership, saying, “Our company, driven by our dedicated field force, continues to be committed to opening up opportunities for Canadian families to invest in their future.”