Start with the timeline
Money for a near-term expense and money for retirement have different jobs. Ask when you’ll need to withdraw, what fees you’ll pay, and how a market downturn would affect your plans.
Where segregated funds fit
A segregated fund lets you invest in a pool of assets through an insurance contract. The market value moves with the investments. The contract can provide a minimum benefit at maturity or on death, subject to its terms. Consider the cost of those features and your need for access along the way.