| Feature | Seg Fund | Mutual Fund |
|---|---|---|
| Guarantee at maturity/death | Yes (min. 75%) | No |
| Named beneficiary | Yes | No |
| Probate bypass | Yes | No |
| Creditor protection | Possible | Generally no |
| Reset option | Available | Not available |
| MER | Higher | Lower (no guarantee cost) |
| Annual T3 | Yes | Yes |
| Governing law | Insurance Act | Securities legislation |