There is insurance on investments in Canada.
Q: I understand in Canada there is insurance on investments. Would it be possible to get an insured managed fitures/forex/stock account for a US citizen? If so, which companies would offer one?
A: Yes, its called a Segregated Fund. Its basically a mutual fund with an insurance wrapper around it that offers principle protection, and the ability to reset those guarrantees at higher rates throughout the life of the contract. The protection ranges from 75% to 100% protection.
However, you should have them in the US as well. They are also called Individual Variable Annuties Contracts. I am assuming they are linked to mutual funds as well. Although, I don’t know for sure. You should speak to a US Advisor.
Chances are you probably couldn’t get a Seg Fund from a Canadian insurer because its technically an insurance contract, so you would have to sign the application here in Canada.
Yes, its called a Segregated Fund. Its basically a mutual fund with an insurance wrapper around it that offers principle protection, and the ability to reset those guarrantees at higher rates throughout the life of the contract. The protection ranges from 75% to 100% protection.
However, you should have them in the US as well. They are also called Individual Variable Annuties Contracts. I am assuming they are linked to mutual funds as well. Although, I don’t know for sure. You should speak to a US Advisor.
Chances are you probably couldn’t get a Seg Fund from a Canadian insurer because its technically an insurance contract, so you would have to sign the application here in Canada.
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