When Are Variable Annuities A Good Investment? 
In Canada , variable annuities are called segregated funds or seg funds . They are similar to mutual funds , but since they are issued by insurance companies they have certain guarantees . They should be considered when you are looking to invest equity investments . Whether they are a good investment or not , depends on your individual circumstance . They are of special interest if you are self employed -LRB- at any age -RRB- OR are within 10 to 15 years of retirement -LRB- or already retired -RRB- . The maturity and death benefit guarantees -LRB- 100 % or 75 % -RRB- , locking in of market gains with maturity resets , the estate bypass with a named beneficiary , and the potential creditor protection are some of the factors to consider . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 