SEGREGATED FUND

'Segregated Funds' are a classification of funds administered by an insurance company in the form of individual, variable life insurance contracts offering certain guarantees to the policyholder such as reimbursement of capital upon death.
As required by law, these funds are fully segregated from the company's general investment funds, hence the eponym.

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See also

See also

★ Life insurance

★ Universal life insurance

★ Variable universal life insurance

★ Unitised insurance fund