Segregated funds are investment contracts issued by life insurance companies. Some people use them as one way to set money aside for later, including retirement.

Sam Pakbaz, a licensed life and health insurance agent in Barrhaven, can explain how these contracts work and help you compare options in plain language.

What happens without a plan for later

Over a working life, many Ottawa-area families try to build savings for retirement. How much people have set aside can vary widely, especially if they do not have a workplace pension. Segregated fund contracts are one insurance-based option some people look at when they want to put money aside. They are not the only option, and they are not right for everyone.

Real costs and context

• Canada's life and health insurers managed retirement savings for more than 10 million people, and in 2024 they paid $71.4 billion in retirement benefits from annuities. (CLHIA, 2025 Factbook)

Who it's for

• People looking at insurance-based ways to set money aside for later
• Anyone who wants to understand how a segregated fund contract works before making a decision
• People reviewing existing contracts to see whether they still fit
• Those who prefer to talk it through with a licensed life and health insurance agent, in plain language

How Sam helps

Sam is an independent licensed life and health insurance agent with Barrhaven Financial Services Inc. He compares segregated fund contracts from several insurers and explains fees, risks and contract terms in plain language. He does not represent every insurer, and not every insurer offers every product. You decide what fits. Please read the information folder and fund facts before you invest.

Let's look at your options

If you'd like to talk about segregated funds, you can ask a question or book a time to go through it together. There's no pressure either way.

Note: Any amount allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value.