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20. Wilfred is considering investing in a "pooled fund. His financial advisor describes two types of pooled funds, mutual funds and segregated funds, and the differences between them. Which of the following statements correctly describes differences between mutual fund and segregated fund investments? 1 A segregated fund guarantees to pay out at least 75% of an investor's deposits upon the investors death or maturity of the contract. A mutual fund guarantees 100% of the principal. 2 Segregated fund investments are offered through a "prospectus" that must be filed with the provincial insurance regulators Mutual fund investments are offered with an "information folder" that is filed with the provincial securities commissions. Segregated fund investments allow an owner to appoint a beneficiary for benefits payable if the owner dies, exempting the proceeds from probate fees. Mutual fund investment proceeds are paid to the deceased owner's estate and become subject to probate fees. Segregated fund investments may be protected from seizure by the owner's creditors if the owner has appointed a family member as beneficiary for the proceeds on the owner's death. Mutual fund investments are subject to scizure by the owner's creditors without exception. 3 4 (A) 1 and 2 only. (B) 3 and 4 only. (C) 1 and 4 only (D) 2 and 4 only