Canada Life Mortgage Fund — London Life Legacy Pool
Segregated Fund (Individual Variable Insurance Contract)
Managed by The Canada Life Assurance Company
Data as of: December 31, 2025
This review is compiled by WOWA for informational purposes only and is not investment advice, an offer, or a solicitation. Figures are drawn from the manager's published materials as of the dates shown and may change. Returns are historical and do not guarantee future results. Verify all details with the manager or a licensed advisor before investing.
About the fund
The Canada Life Mortgage Fund is a segregated fund offered through individual insurance contracts. It invests primarily in mortgages secured by Canadian residential and commercial properties, while maintaining smaller allocations to bonds and cash. As of December 31, 2025, 82.37% of its $993.5 million total assets was classified as mortgage and real estate investments.
At a glance
| Assets under management (AUM) | $818M CAD |
| 2025 return | 2.61% |
| Structure | Segregated Fund (Individual Variable Insurance Contract) |
Portfolio & performance
Canada Life Mortgage Fund — London Life Legacy Pool returns
| Calendar year | Net return |
| 2023 | 2.5% |
| 2024 | 4.39% |
| 2025 | 2.61% |
Fund facts
| Structure | Segregated Fund (Individual Variable Insurance Contract) |
| Management fee | 0.9% |
| Leverage | Unleveraged |
| Latest data | December 31, 2025 |
Additional fund details
The AUM shown represents the fund’s reported mortgage and real estate allocation of approximately $818.3 million. Total fund value was $993.5 million, with about 82.37% invested in mortgages and real estate, 10.33% in bonds and 7.30% in cash and short-term investments. The fund invests primarily in mortgages secured by Canadian residential and commercial properties, including loans to individual commercial borrowers. The returns shown are for the Standard Series with the 75/75 guarantee option and are reported after fund expenses. Fees and returns vary significantly by policy, series and guarantee option. Management expense ratios range from 0.90% to 2.53%, while Partner Series policies may also charge a separately negotiated advisory and management services fee of 0.50% to 1.25%. The 75/75 option provides a maturity guarantee and death-benefit guarantee equal to 75% of eligible deposits, adjusted for withdrawals. The fund is a segregated fund offered through an individual variable insurance contract. It is not structured as a trust or as a separate legal entity.
Investor access
Investor access
The minimum investment amount for accredited investors is $500 initial or $25 through a pre-authorized contribution plan. The minimum investment amount through an advisor or dealer is $500 initial or $25 PAC; $10,000 for RRIF policies; Preferred and Preferred Partner series require $500,000 in total holdings.
About the manager
The Canada Life Assurance Company is a Canadian insurance and wealth-management company. Its investment operations manage segregated funds and mortgage portfolios supporting insurance, retirement and individual investment products.
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