Why Variable Annuities? 
In Canada , variable annuities are referred to as segregated funds or seg funds . They are similar to mutual funds , but since they are issued by insurance companies , they offer features and guarantees . Seg Funds are of particular interest to the self - employed -LRB- at any age -RRB- , OR those within 10 to 15 years of retirement or already retired . Seg Funds offer maturity guarantees of 75 % or 100 % . Some plans offer maturity `` resets '' or locking in of investment gains . Death benefit guarantees of 75 % or 100 % . Potential creditor protection is also available . More information is available at www.ProctectandGrow.ca Not for everyone , but worth exploring . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . Note : A description of the key features of the segregated fund policy issued by the insurance company is contained in the information folder . Any amount that is allocated to a segregated fund is invested at the risk of the policy owner and may increase or decrease in value . 