Which feature is NOT typically associated with segregated funds?

Segregated funds are a type of investment product that combines elements of mutual funds with insurance features, offering distinct benefits such as guarantees and creditor protection. One of the key characteristics associated with segregated funds is the guaranteed maturity value. This feature guarantees that, upon maturity, the policyholder will receive a minimum value, which can provide a safety net for investors. Additionally, segregated funds also often include a death benefit, ensuring that beneficiaries receive a specified minimum amount in the event of the policyholder's death.

Another critical feature of segregated funds is protection from creditors, which means that, in the event of bankruptcy or legal action, the assets within a segregated fund may be exempt from claims by creditors, providing an added layer of financial security.

On the other hand, high liquidity is not commonly associated with segregated funds. While investors can access their funds, the structure and maturity guarantees of segregated funds may impose certain restrictions or consequences related to withdrawals, making them less liquid compared to other investment vehicles like mutual funds. This lack of liquidity is one of the reasons why this option is identified as not typically associated with segregated funds.