Definitions for "Segregated Fund"
Are the life insurance industry equivalent to a mutual fund with some differences. The term "Mutual Fund" is often used generically, to cover a wide variety of funds where the investment capital from a large number of investors is "pooled" together and invested into specific stocks, bonds, mortgages, etc. Unlike mutual funds, seg funds offer guarantees at maturity or death on the limit of potential losses.
An investment fund similar to a mutual fund but offered through a life insurance company. Segregated funds offer additional security features compared to mutual funds.
a mutual fund offered by a life insurance company