SEG Funds
They are like mutual funds, they are an investment fund that offer growth potential.
However, unlike mutual funds, seg funds have the attributes of an insurance product.
The value of your seg fund will vary according to the value of the assets that the fund are invested in.
Seg funds are insured by the Canadian Life and Health Insurance Compensation Corporation insures the seg funds.
Policyholders do not pay extra fees for these insurance features. The fees are included within the Management expense ratio (MER) charged by the seg fund.