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Segregated (or seg) funds are an investment product sold by life insurance companies. They are individual insurance contracts that invest in one or more underlying securities, such as a mutual fund. Learn more about how segregated funds work.

There are no health or medical requirements to purchase a segregated fund. However, there may be age limits depending on the type of segregated fund you wish to purchase. A financial advisor registered to sell insurance products can advise you on eligibility based on age.

Because segregated funds are an insurance product, they are not regulated by provincial securities administrators (like the Ontario Securities Commission), but rather by provincial insurance regulators. In Ontario this is the Financial Services Commission of Ontario (FSCO). Check that your advisor is registered to sell insurance products in your province before you work with them.