Giba invested $125,000 in a segregated fund with a 75% maturity guarantee. The insurer that sold the segregated fund became insolvent and was unable to pay Giba when the fund matured. At the time of maturity, Giba’s investment had a market value of $66,000. 

How much would Giba be entitled to receive under Assuris?

Answer rating: 100% (QA)

Assuris is a notforprofit organization that protects Canadian policyholders in the event of thei... View the full answer