| |
Segregated
Fund |
Mutual
Fund |
| Product
Features |
|
|
| Professional
money management |
x |
x |
| Investments
are pooled |
x |
x |
| Broad
selection of funds |
x |
x |
| Units
can be readily bought or sold |
x |
x |
| Front
end or back end loads |
x |
x |
| Media
publish unit values |
x |
x |
| Switches
are allowed between funds |
x |
x |
| Fund
distributions |
Reinvested
monthly, quarterly or annually |
| Disclosure |
Information
folder |
Prospectus |
| 20%
foreign content |
x |
x |
| Reporting |
Annually |
Semi-annually |
| Product
Guarantees |
|
|
| Death
and maturity guarantee |
x |
No |
| Reset
option that locks in gains |
x |
No |
| Consumer
protection organization |
x |
No |
| Planning
Opportunities |
|
|
| Potential
creditor protection |
x |
No |
| Potential
estate bypass |
x |
No |
| Registered
or non-registered |
x |
x |
| Taxation |
based
on gains inside the fund or on redemption |
| Licence
requirement |
life
insurance |
securities
or mutual fund |
