Segregated funds: Big Three’s product offerings expand
Canadians today have a wealth of segregated fund options to choose from.
InsuranceINTEL, the information centre for the life and health Insurance industry associated with the Insurance Portal, reports that 13 insurers offer segregated fund guarantees as part of at least 18 products available on the Canadian market.
The Big Three Canadian insurers boast the most products. Canada Life, Manulife and Sun Life each sell three distinct products. The other nine insurers identified in this market offer one product each.
In contrast, the specific features vary considerably between insurers. All offer maturity or death guarantees of 75% or 100%, but no insurer provides exactly the same guarantees. That is why advisors wishing to sell their clients seg funds should analyze each product carefully.
See the overview of guarantees offered:
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