FORTRESS 2 FUNDS®
Fortress 2 Funds Details Fortress 2 Fund Values 2009 Annual Financial Statements
Fortress Funds (Segregated funds) are an investment product, similar to a Mutual Fund, administered by Canadian insurance companies. They provide an opportunity to participate in the potential of the markets with a high percentage of principal protection. We offer a group of high-quality investment funds for long-term growth potential. From bond and equity funds, to international funds and money markets, FORTRESS Funds provide diversity, backed by valuable guarantees.
Profitable yet flexible
FORTRESS pools your money with that of other investors. The funds are then carefully, professionally managed to maximize their potential. FORTRESS Funds are:
- Flexible: you can invest in any combination of funds you choose.
- RRSP eligible (foreign funds are subject to limitations).
- Cost-effective: avoid set-up fees and front-end loads (management fees apply).
- Transferable: transfer money between accounts - there's no charge for your first four transfers annually.
- Easy: Pre-Authorized Chequing (PAC) makes for easy contributions and allows you to take advantage of "Dollar Cost Averaging."
Unique Guarantees
Unlike mutual funds, FORTRESS segregated funds are guaranteed to return all or a portion of the premiums you've paid.
- 75% of all net deposits are guaranteed when your plan matures (minimum 10 years).
- Upon your death, 100% of net deposits made prior to the policy anniversary before your 65th birthday will be paid to your beneficiary, plus 75% of subsequent net deposits.
- Proceeds go directly to the beneficiary, providing immediate access to the funds. And as long as you have named a beneficiary, proceeds are not subject to probate. Registered funds bequeathed to your spouse can continue to defer income tax until received as income.
FORTRESS has many advantages, but there are some limitations you should understand. Ask your representative for details.
Please note: Subject to any applicable death and maturity guarantee, any part of the premium or other amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value according to fluctuations in the market value of the assets of the segregated fund.
Convert to Income
When you retire, you can convert your registered funds to a RRIF (Registered Retirement Income Fund) and receive regular income payments, while keeping the bulk of your retirement nest egg tax-deferred!
Benefits for Life
FaithLife Financial offers more than insurance protection. We offer the benefits of membership: people who care, information to help throughout life, and a means for you to be of help to others. Talk to your FaithLife Financial representative about the ways FORTRESS Funds can build your investments, and how FaithLife Financial can support you throughout your lifetime. Or contact our Head Office for more information