Which of the following is NOT a correct comparison of segregated funds and mutual funds? Upon death of the annuitant, the proceeds of a seg fund will bypass probate but mutual fund assets must go through probate when the owner dies Insurance companies own the assets of segregated funds but the unit holders own the assets of a mutual fund Neither segregated funds nor mutual funds come with Government guarantees Distributions of income and capital gains result in a decline in the net asset value for both segregated funds and mutual funds