Segregated Fund


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Segregated Fund

An investment company in Canada that has features of a life insurance policy and a mutual fund. The investment company sells life insurance to policyholders, who have rights to all benefits, just like any other life insurance policy. It then uses the proceeds to buy securities, which it packages and sells as shares in a mutual fund. The two aspects of a segregated fund must be kept separate from each other, except in the manner described above.
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ACTIVATOR, Illinois Farm Bureau's Political Involvement Fund, is a voluntary, nonprofit, segregated fund promoting the economic and social well-being of farmers which seeks to help elect pro-farm candidates no matter their party affiliation.
At retirement, many Canadians opt to roll these accounts over to a segregated fund registered retirement income fund, called an RRIF, held by a life insurance company.
Its asset management capabilities include creating segregated Fund Vehicles tailored to client's investment needs.
Manulife Investments, a division of Manulife Asset Management Limited - the global asset management arm of Manulife Financial Corporation (NYSE: MFC), is one of Canada's leading integrated financial services providing a variety of products and services including segregated fund contracts, mutual funds, annuities and guaranteed interest contracts.
These new segregated fund products fit with Sun Life's Money for Life approach to retirement planning by helping Canadians to build and protect their savings so that they are able to:
The most common and the most important is through a company-sponsored "separate segregated fund," colloquially known as a political action committee, or PAC.
ANA-PAC is an unincorporated committee of the American Nurses Association Board of Directors and a segregated fund with the purpose of supporting candidates for federal office.
Even a segregated fund maintained by an individual candidate for receipt of contributions to his or her campaign is a political organization.
The deal comprises the full service advisory operations of HSBC Securities (Canada) and certain assets related to the segregated fund and insurance business of HSBC Insurance Agency (Canada), together forming the Full Service Investment Advisory Business, the buyer said in a press release.
WESPAC is a voluntary, bipartisan, unincorporated organization composed of physicians, residents medical students and their spouses and is a separate segregated fund established by the West Virginia State Medical Association (WVSMA).
insurers since the onset of the financial crisis because their segregated fund products, the Canadian version of the U.S.'s variable annuity product line, did not offer as generous a level of guarantees as products in the United States.
If a Separate Segregated Fund (SSF) or PAC is hosting the fund raiser, then attendees must be the solicitable, eligible class unless a non-eligible attendee is an honoree or speaker at the event.