Segregated Funds are investment funds managed and/or distributed by insurance companies. They are similar to mutual funds but offer some distinct benefits. The advantages of segregated funds include: -Potential creditor protection. Contributions to a non-registered investment with an insurance company are generally "creditor proof" if there is a regular pattern of depositing. This is not the case with other mutual funds. -No probate fees. One can name a beneficiary and have proceeds paid directly, thus bypassing the will. Since the investment is held in segregation, funds owned by the policyowner cannot be seized by creditors (i.e. if the client owns a business or corporation, their investments in Segregated Funds will be immune to creditors) should financial tragedy strike.
Bumstead Financial is Vancouver-based company (British Columbia, Canada) with a phone number 6046885022. Our data show that the company is located at the address: 800 W Pender. The company has a web site: www.bumsteadfinancial.com.
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