Segregated funds
Segregated Fundsare a classification of funds administered by an insurance company in the form of individual, variable life insurance contracts offering certain guarantees to the policyholder such as reimbursement of capital upon death. As required by law, these funds are fully segregated from the company’s general investment funds, hence the eponym.
Accidental death and dismemberment insurance
Accidental death and dismemberment insurance (also known as AD&D) covers death or dismemberment as a result of an accident. In constrast to life insurance, AD&D generally would not pay survivor benefits in the case of death by illness. AD&D premiums are generally cheaper than life insurance because the incidence of death by accident is lower [...]
