Neither does it survive a basic common - sense test: Buying insurance
against a market crash from other market participants is no different than buying a policy against a crash of the insurance industry from an insurance company.
However, if the Tangerine funds or any other funds (such as ETFs) that mimic the index are doing just that — tracking the index — how do you
safeguard against a market crash — particularly when you are approaching retirement or have a lower risk tolerance?
This gives the option holder «insurance»
against a market crash.
This helps protect
them against market crashes but still provides cash flow.