Tyler

Although I agree that Seg Funds are a brutal investment/insurance product for most investors, they have their place. 

Seg Funds are technically an insurance product designed for business owners as a way to protect assets in the event of bankruptcy or other event.  Wage earners like myself can use a RRSP to sheild assets in the event of a bankruptcy (any money contributed more than 12 months ago is protected from siezure) but since this couple have no wages and thus no annual RRSP contribution room increases, Seg Funds might be a perfectly suitable product for a portion of their portfolio despite the high fees. (if not already inside their existing RRSPS)

We are not given enough information here to make that judgement.