Segregated funds

Looking for a place to put your RRSP's which won't lose it's value with market downturns, which can bypass probate at time of death, and is creditor protected?  Segregated funds may be your answer:

A Segregated Fund or Seg Fund is a type of investment administered by Canadian insurance companies in the form of individual, variable life insurance contracts offering certain guarantees to the policy holder such as reimbursement of capital upon death or maturity.

Essentially, a seg fund is like a mutual fund wrapped with the protective blanket of insurance.