Segregated funds from insurers offer you an insurance policy contract.
The value of your interest in a seg fund is equal to your share of the securities owned by the seg fund. This is credited in terms of the number of units an investor owns of a seg fund. With seg fund policies, you own an interest in an investment portfolio as stated in an insurance policy contract.
You pay premiums that “deposit” money into a seg fund policy that further invests in the seg fund.