Segregated funds are a great option that includes guarantees to protect the amounts invested, and they provide the same tax advantages when the contributions are made to RRSP or TFSA accounts. The segregated funds allow you to invest in equities, bonds or money market securities.
A segregated fund investment plan also gives you the following advantages:
- Protection of the amount invested at maturity of the investment and at death
- Possibility of not paying probate fees, and rapid settlement in the event of death
- Protection against creditors (under certain conditions)
- Possibility of a lifetime guaranteed income