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  • zahid@oroojfinancial.com
  • 217-1670 North Service Rd. East Oakville, Ontario L6H 7G3
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1.What is Segregated Fund?

A Segregated Fund is a type of investment fund administered by Canadian insurance companies in the form of individual, variable life insurance contracts offering certain guarantees to the policy holder such as reimbursement of capital upon death. As required by law, these funds are fully segregated from the company’s general investment funds. A segregated fund is an investment fund that combines the growth potential of a mutual fund with the security of a life insurance policy. Segregated funds are often referred to as “mutual funds with an insurance policy wrapper”.

2.Who should consider Segregated Funds?

Business owners and professionals who wish to have guaranteed contribution and save their beneficiaries from seizure by creditors, bankruptcy and lawsuit after their death can especially benefit from Segregated Funds. Given the nature of their guaranteed payouts at death or maturity, they merit serious consideration by investors nearing retirement or seeking to secure their investments.

3.Benefits of Segregated Funds

  • Guarantee at maturity: Money invested in a segregated fund has a guaranteed payout of 75% upon maturity.
  • Guarantee upon death: At your death, the amounts invested in your segregated fund contract are guaranteed at 100%.*
  • Potentially creditor protected: Designation of one or more beneficiaries within the class of beneficiaries as prescribed by the applicable insurance legislation potentially protects your funds from seizure by creditors.

Simplified estate settlement: Upon your death, all funds payable are distributed directly to your designated beneficiaries and do not become part of your estate, avoiding estate fees.

Beneficiary designation for non-registered contracts: Estate planning and intergenerational wealth transfer can be facilitated through direct beneficiary designations.

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WHAT OUR CUSTOMER SAY?

RAJ , Mississauga

I know Zahid for the last 4 years, as he has handled my complex and unique insurance needs. During one of the recent conversations , when he mentioned that he also handles mortgages, (considering his excellent support and understanding of my unique situation and needs in the past) I immediately requested him to help me get a good mortgage so that I can consolidate my first and second mortgage and save on monthly mortgage payment. As during the past year, I've been to many mortgage brokers and nobody could offer me something to the best of my satisfaction.( Either , the interest rates were high, or LTV was low ) . But to my pleasant surprise, Zahid and his associate Bindu, offered me exactly what I was looking for considering my unique situation, with minimum of paperwork (the interest rate was very competitive and the LTV was also good). And all the closing process was finished in very less amount of time and they supported me during the whole process. I must say Zahid is very knowledgeable, professional and good human being, and so his associate Bindu, they are excellent team. I am looking forward to work with them so that my future financial needs can be taken care of.

Ashiq Hussain Jeddy , Milton

I take this opportunity to thank you for helping me in my financial needs and I was really " Impressed" with your professionalism and the way you gave me your advice. It's been 15 years since I came to this country and have met many " Financial Advisors" but didn't have that " Positive Attitude" you have and even though I had a " Bad Credit" and was very much worried that I am going to loose everything but with your expertise and guidance I came out of it as you helped me in getting the " Second Mortgage" with the lowest interest rate available in the market and guided me at every step of that process. Now I am having sleep without any " Nightmares" and you have promised me that you are going to help me in my financial decisions till the time you think I am stable enough and even after that stability you will still keep advising me with your expertise. For me you were a " Savior" and with your advice will definitely be successful. Once again I thank you very much for your help and advice and wish you all the best wishes and indeed I will refer my family and friends to your office in future for any " Financial Advise".

MEHRAN , Markham

I had a great experience getting mortgage through Orooj Financial. Mr. Zahid Syed and his team were able to get me the best rate in the market. All the paper work was done electronically which made me possible to focus on my job. I am impressed with their services and convenience they offer to clients. I would highly recommend others to get in touch with them and feel the ease of getting mortgage.

Tahir Qureshi, General Manager - Ansar group

I called Zahid after hearing his tips on radio and just felt that I could trust him. I arranged a meeting in his office. He listened to my needs very carefully and provided me the life and critical illness insurance for my family future. I was very impressed with his professionalism and would refer him to my family and friends.

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