Jane does not know much about segregated funds. Her friend has told her about the guarantees offered by segregated funds and she likes the idea. Jane believes that she can invest in riskier investments in a segregated fund because the downside risk is protected to large extents. Her twin daughters will begin their studies at a university in the U.S. this fall. Jane and her husband, Scott, have saved $150,000 in an equity-based mutual fund account to provide for their daughters' education. Jane wants to invest the $150,000 in an equity-based segregated fund with a 100% guarantee so that they do not lose any of their investments even if the markets go down. This is not the case with the