Canadian Life & Health Insurance Facts // 2026 Edition 20
Retirement Solutions
L I N E S O F B U S I N E S S
Segregated funds
This uniquely Canadian life
insurance industry product combines
investment growth with insurance
protection when offered through
an individual annuity contract. They
are offered as individual retirement
and investment solutions, and
within certain group retirement
arrangements.
They are commonly used as an
investment solution for group and
individual products within:
• RRSPs
• TFSAs
• RRIFs
• Life Income Funds
• Non-registered
savings plans
85%
of assets are invested
in segregated funds*
– up from 80% a
decade ago
Building financial wealth through group and individual plans
Insurers manage over $680B assets for retirement savings and income plans.
$0B
$100B
$200B
$300B
$400B
$500B
$600B
$700B
$800B
2025 2023 2021 2019 2017 2015
10%
10%
30%
50%
9%
10%
29%
52%
9%
7%
7%
5%
10%
24%
61%
11%
24%
58%
10%
25%
58%
10%
26%
55%
Group Insured Annuities
Individual Insured Annuities
Individual Segregated Funds
Group Segregated Funds
* See "How Insurers Invest"
