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The Citizen, 1996-11-27, Page 12SEGREGATED FUNDS * maturity guarantee * no probate fees * Compcorp coverage to $60,000 Call for more information and your free 1997 calendar Linda Henhoeffer 1-800-667-3887 335-3887 lnuestment Centre Segregated Funds Why should we be investing in them? By Linda Henhoeffer Financial Advisor With the mutual fund industry introducing new mutual funds almost daily, it is easy for us to get caught up in the excitement. There are over 1,000 mutual funds for us consumers to choose from: Canadian stocks, international stocks, government bonds and treasury bills. And, of course, many combinations of these asset classes. Specialty mutual funds that invest in specific areas such as health, communications, new technology and precious metals are currently very popular. Perhaps, we should take a step back from all this frantic dizziness and consider a less familiar kind of mutual fund - segregated funds. Segregated funds are mutual funds offered by life insurance companies. They are structured just like mutual funds, with unit holders sharing in the profits of a portfolio of stocks or bonds. A money manager makes the "buy and sell" decisions. Those segregated funds with portfolios of Canadian stocks and bonds are eligible for RRSP and RRIF investments. Also, newspapers publish daily reports on their share values. So, segregated funds are similar in their structure to 'regular' mutual funds. But segregated funds have some special features that may make them very attractive to certain investors. Maturity Guarantee By stating a maturity date of at least ten years, the investor is guaranteed to receive at least 75 per cent of whatever was invested (less any withdrawals) regardless of the market performance. Some companies offer a 100 per cent guarantee on all deposits. Death Benefit Guarantee Upon death of the investor, the beneficiary is entitled to receive at least 75 per cent of all premiums deposited (less any withdrawals) regardless of market performance. Again, some companies have increased this guarantee to 100 per cent. Creditor Proof By designating your spouse, child, grandchild, or parent as beneficiary, your investment may be protected against creditors in the case of an unexpected lawsuit or bankruptcy. Exemption from Probate When the investor dies, a named beneficiary may be paid directly Trom the life insurance company avoiding probate and eliminating estate and legal fees. Compcorp Covered As with GICs held by life insurance companies, a segregated fund is covered by Compcorp up to $60,000 per company per investor. This limit is combined with GICs so the maximum covered is $60,000. No Up-front Sales Charges This gives the client the advantage of having all of their money working for them right away. There may be a withdrawal fee if all of the investment is redeemed in the first few years. Usually, clients may withdraw up to 10 per cent per year without incurring any charges. In some cases, funds are no load and incur no charges going in or coming out at any time. It is getting ever more difficult for us to sort through all the many investment choices. Perhaps we should take a serious look at segregated funds with their unique estate planning advantages and their investment guarantees. For the Finest in Residential Building & Renovations Dealer in Pella and Strassburger Windows and Doors BUILDERS SINCE 1956 H. TEN PAS CONSTRUCTION LTD. BRUSSELS, ONT. 887-6408 -HEALTH ON THE HILL- A Review of activities at SEAFORTH COMMUNITY HOSPITAL YOUR INPUT PLEASE Staff and patients are reminded of the importance of completing SCH "We Care What You Think" Questionnaires. Please be sure to give it to your nurse or deposit in the anonymous box provided in the Patient Lounge. OCCUPATIONAL THERAPY WEEK was Oct. 28-Nov. 1, 1996. The Staff participated in a draw for a flower arrangement donated by Hildebrand Flowers - thanks Steve! It was won by Judy Lamont, RN who answered the question, "What is Occupational Therapy?" STEPHANIE PETERS has been the SCH Occupational Therapist since Aug. 1995. She has resigned to pursue full time employment with Huron County Home Care. We wish her "all the best!" SARAH JOHNSTON is volunteering with the Activation Group here @ SCH for 3 months until she joins her parents on an exchange trip to New Zealand. "Welcome and Thank you Sarah" from SC11. SALVATION ARMY ANNUAL CHRISTMAS VISIT to share "Songs of the Season" in voice and with band accompaniment Monday, December 2, 1996 at 6:30 p.m. REGISTERED & REGISTERED PRACTICAL NURSES an informational session outlining new Quality Assurance Program developed by The College of Nurses will be presented Dec. 3, 1996 2-3 p.m. AND 3:30-4:30 p.m. in Conf. Rm. 2. The Program was developed by The College of Nurses in response to the Regulated Health Professions Act (RFIPA) legislation. Focus will be on the role of the College, the meaning of self regulation and the framework of the QA program. Specific responsibilities of the CNO and each nurse in relation to this program will be discussed. The goal of the session is to enhance awareness of the QA program before it is launched in January 1997. Pre-register by calling 527-1650 Ext. 219. BREASTFEEDING CLINIC having problems, need help/support? Plan to join Karen Searle, Breastfeeding Consultant, at the Women's Resource Centre (located next to Bistro Restaurant) Thursday, December 12, 1996 09:30-11:00 a.m. Pre-registration not required. PAGE 12. THE CITIZEN, WEDNESDAY, NOVEMBER 27, 1996 Brussels Atom Reps lose close one to Wingham Brussels Atom Reps had to be satisfied with an 0-1-2 record dur- ing the week of Nov. 11, as their opponents took advantage of many power plays. It was a close contest against Wingham, Nov. 12, but Brussels was unable to put one past the visit- ing netminder. Wingham notched two goals, the second during one of Brussels' five stints in the penalty box. The outcome against Clinton three days later was similar with the visiting squad taking home a 3- Tykes just miss It was all Chris Corbett for the Brussels Tykes when they took on Seaforth, Nov. 19. Down 3-0 halfway through the first, Corbett struck for the first of four goals, with the assistance of Chase Chapman. It was strong offense by Corbett which helped the Brussels squad recover from a 5-1 deficit after one period to end with a respectable 5-4 loss. Goalie Jake Van Beek was able to shut down their opponent for the final two frames. Van Beek kept the team in con- tention against Goderich, Nov. 23, allowing the team to take home a 2- 2 tie. Shane Gibson scored the first Brussels' netter. Corbett and Tyler Dietner earned assists. Pushing the puck over the line in the second, Adam Corbett, aided by Wade Stephenson and Jordon Campbell, earned Brussels the draw. Blyth Scouts at conference "Scouting is Cool". That was the theme of the Bluewater Regional Conference which was recently held at F. E. Madill Secondary School in Wingham. Many 1st Blyth Scouters attended. They participated in a variety of sessions, all aimed at increasing their knowledge and enjoyment of Scouting, which consequently will then be passed on to the youth. All sections have invested new members, including new Beaver leaders Joann Mason and Betty Mallett. There was good participation in the annual Scouts Canada 'Apple Day' Oct. 26 with $461.95 raised, due to the generosity of the residents of Auburn, Blyth and Londesboro. The funds will be used for Scouting purposes. With one month left until Christmas, many section activities will be making the most of the season. Beavers will be going skating, and plan to go carolling. They will also have a Christmas party. Cubs are making arrangements for their annual Christmas camp, with a full day of activities and adventures. They are also planning a day camp with the Mitchell Cubs, when they will be working on the Conservation badge. Next year marks the 90th anniversary of the Scouting movement. It is also the year of the 9th Canadian Jamboree, to be held in Thunder Bay, July 12-20. Two local boys, Ross Clark and Robert Goodall, along with their Scout leader Lavern Clark, will be attending. Several other local Scouters will also be going as part of the CJ staff. 1 victory. Brussels got on the board first when Brittany Kellington, assisted by Robbie Semple, popped one over the line. However, Brussels was not able to hold off Clinton, allowing them to tie the game with 3:20 left in the first. They captured the lead in the dying minutes of the third. With the offense back on track, Brussels put a much better team on the ice when they travelled to Hen- sall, Nov. 16. The duo of Kyle Stephenson and Tyler Campbell teamed up for Brussels' two netters in the first, to take a tie into the middle frame. Scoring at the 12 minute mark of the second, Jonathon Engle, assist- ed by Scott Glitz, put Brussels ahead for the third time, only to see it slip away seven minutes later. Engel would not let the 3-3 tie stand as he and Kellington com- bined seconds later for Brussels' fourth goal. Stephenson and Campbell round- ed out the scoring in the period, giving Brussels a 5-3 lead into the closing period. Hensall came out firing, scoring three in the first half while stopping all but one of Brussels' shots. Campbell scored with Stephen- son and Scott Armstrong assisting. With the score tied at six, Brus- sels edged ahead at 6:38 when Campbell, Stephenson and Arm- strong again put one in. The lead would not hold, as Hen- sall added a final point just 18 sec- onds later. The game ended even. The result was no better when the faster and bigger Elma-Logan team came to Brussels, Nov. 22. The squads traded goals in the opening frame to achieve a 2-2 tie before the visitors went on top with two unanswered netters. Brussels scorers were Sean Hoegy and Tyler Campbell with The Belgrave Intermediate Girls took on Howick Nov. 23 and won. Some great saves by the visitors' goalie, Amber Koehler, held off the hosts while her team tallied four. Scoring for Belgrave were Candice Procter, Heidi Meier, with two, and Peggy Procter. Assists went to Kendra Moffatt, Laura Meier and Lisa Black. Other team members are: Sherry Robinson, Holly Pfeiffer, Ellisa assistance from Brandon Blake, Nic Campbell, Stephenson and Devon Blake. Already down 6-2 with eight minutes left in the second, Brussels began a comeback attempt when Tyler Campbell, aided by Scott Armstrong and Devon Blake put in Brussels' third goal. The effort fell short in the third when Brandon Blake scored Brus- sels' last goal with 5:59 remaining to bring the final tally to 6-4. Nixon, Julie Hopper, Suzanne Bie- man and Mandy Sellers. It was a good recovery after a trouncing in Lucknow on Nov. 21. The team didn't fare so well in that match-up with the home team tak- ing it 6-0. A week earlier Belgrave had their first game hosting Wallace II. That game ended 4-1 for the visitors. Sherri Robinson notched the Bel- grave marker. Intermediate Girls win, lose