Segregated funds

Segregated funds – only offered by life insurance companies and providing a level of security unmatched by other investments – guarantee 75% to 100% of your contributions at policy maturity and death. The amount guaranteed depends on the guarantee level you choose. And, because life and financial needs can change, you have the flexibility to transfer between guarantee levels up to three times over your life.


With segregated funds, you’ll enjoy these unique benefits:

  • A guarantee on your principal investment, upon death and maturity: You’ll have the potential to grow your investment, while protecting your principal amount (and any additional deposits) against market fluctuations.
  • A way to bypass probate fees: In the event of death, an individual’s estate may be subject to probate or legal validation of the will, which comes with probate fees – as much as 1.5% of the estate value in some provinces. During probate, assets are “frozen,” while the will becomes public property for all to view. By naming a beneficiary on your segregated fund policy, you can bypass probate, save on probate fees, keep your investment information private, and have the money paid directly to the beneficiary in a timely fashion.
  • A level of protection from creditors: By naming a beneficiary of a particular class, you also gain potential creditor protection, in the case of unforeseen bankruptcy or litigation. This makes segregated funds especially attractive for small-business owners.

How you make contributions is entirely up to you, whether it’s investing a lump sum or setting up a pre-authorized debit (PAD) plan. To stay ahead of inflation, take advantage of our Automatic Contribution Increase option, which allows you to automatically increase your PAD contributions on each policy anniversary by up to 10%. And there are no hidden fees; our management expense ratio (MER) is all-inclusive and covers all insurance fees.

The Co-operators offers the following segregated fund products:

Versatile Portfolios Navigator

With Versatile Portfolios Navigator, you can choose from a variety of segregated funds to invest in – based on your risk tolerance and time horizon – for as little as $50 per month. There are three guarantee levels* available (75% on maturity and death; 75% on maturity and 100% on death; 100% on maturity and death), depending on your need for capital protection. Automatic death and maturity benefit resets* on the 100% guarantee levels lock in the increased value of your investments as they grow.

Aviator Portfolios

If you’re looking to diversify your portfolio, plan your retirement, leave a legacy, and protect your capital and your estate, Aviator Portfolios is a more-sophisticated investment and estate-planning option. Providing the growth potential of equity markets and the security of capital protection, along with unique investment strategies, this easy-to-understand product is ideal for investors with $100,000 or more to invest.


There are two guarantee levels* available (75% on maturity and death; 75% on maturity and 100% on death), depending on your need for capital protection. Automatic death benefit resets* on the 100% guarantee level lock in the increased value of your investments as they grow.

*Maturity and death benefit guarantees are not available upon surrender of the segregated fund policy and are proportionally reduced by any withdrawals from or investment transfer out of the segregated fund. 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 policyholder and may increase or decrease in value. Contact your Financial Advisor for details. Segregated funds are underwritten and administered by Co-operators Life Insurance Company. The Co-operators® is a registered trademark of The Co-operators Group Limited.