What You Need To Know About Variable Annuities? 
In Canada , variable annuities are typically called segregated funds -LRB- the funds are segregated or separate from the other assets of the insurance company -RRB- . With payout variable annuities all or a portion of the income received depends on the performance of the funds chosen . A deferred or accumulation annuity -LRB- segregated fund -RRB- is similar to a mutual fund were the value depends on the performance of the funds you have chosen and your money is a risk . Since segregated funds are issued by insurance companies they contain death benefit and maturity guarantees . Some offer resets so you can lock in gains . Your advisor will be required to give you with an information folder prior to purchase to provide you with complete disclosure . You will find additional information on my website www.jpw.ca If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 