IFC Prep
← Back to glossary
Financial Planning

death benefits

Prestations de décès

In a segregated fund, the named beneficiary or the contract holder's estate is guaranteed to receive at least the amount of the premiums originally invested, net of front-end sales charges and certain other fees. If the fund's net asset value is less than this guaranteed amount, the death benefit is equal to the difference between the two.

Prepare for the IFC exam with 900+ practice questions

Start for free →