Segregated funds are a timely, private and cost-effective way for your clients to transfer wealth to their loved ones. By naming a beneficiary on their BMO Guaranteed Investment Funds policy, these investments can bypass the costly probate process* upon their death which can save time and money.
Plus, unlike traditional investments, BMO Guaranteed Investment Funds provide a deposit guarantee upon death as well as creditor protection** which can be an integral part of their wealth transfer plan.
For more details, watch and share the following video. It’s a simple and great way to start a conversation!
* Probate fees may not apply in Quebec.
** Creditor protection rules depend on legislation and vary by province. It cannot be guaranteed.
Any amount that is allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value. Any withdrawals will reduce both the Maturity Guarantee Amount and Death Benefit Guarantee Amount proportionately.
BMO Life Assurance Company is the sole issuer and guarantor of the BMO GIF individual variable insurance contract. Please consult the Information Folder (including Policy Provisions & Fund Facts) for details of BMO GIF.
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