Question: 1 8 2 . Jean - Louis died yesterday. Five years ago, he invested $ 5 0 , 0 0 0 in various segregatedfunds with

182. Jean-Louis died yesterday. Five years ago, he invested $50,000 in various segregatedfunds with a 75%/75% guarantee. The funds' reset value is $55,000, while the current marketvalue is $53,000. His spouse of one year, Louise, is named as the beneficiary of the segregatedfunds. Jean-Louis' son, Jonathan, has been designated liquidator.How should Louise go about making a claim?Jonathan should make a claim and pay $55,000 to Louise.Jonathan should make a claim and pay $41,250 to Louise.Louise should make a claim and receive $53,000Louise should make a claim and receive $39,750

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Mrs. Liu owns a business as a sole proprietor. Near the end of her taxable year, she is evaluating a new opportunity that would generate $25,000 additional income for her business. What marginal tax...

Q:

Elaine wants to know how much she and Archie need to contribute over the next 15 years for Kelsey's education. Their first contribution will be in one year, and they will invest in a portfolio that...

Q:

Elaine wants to know how much she and Archie need to contribute over the next 15 years for Kelsey's education. Their first contribution will be in ine year, and they will invest in a portfolio that...

Q:

its just a case study i need to write what rec for the gates family and what are financial areas of concern CASE 9 TREVOR AND LINDA GATES CASE Today is January 1, 2017 INTRODUCTORY DATA Trevor and...

Q:

Question Number Two Thirty-eight multiple choice exercises/problems appear below. You must answer alt of them. For each problem you answer, insert the letter which incicates the correct answer. in...

Q:

this is a case study and need to state how is the gates current financial state, future, what are some reccomended changes, and what are they doing correct CASE 9 TREVOR AND LINDA GATES CASE Today is...

Q:

FINC 340 INVESTMENTS MIDTERM EXAMINATION_04 DIRECTIONS: Here are the questions for the Midterm Examination. Please submit your Midterm Examination Answer Sheet in MS Word format with the following...

Q:

Flag question: Question 1 Question 1 1 pts A client wants to reduce the property's hazard insurance coverage substantially, in order to save money on the premiums. If the property manager tries to...

Q:

MGMT 640 Midterm Exam Ques. 1) Which of the following is not an advantage of the corporate form of business organization? a. Sell debt or equity in public capital markets b. Owners have limited...

Q:

where is it not visible that is all the detail its 6 questions Title Page Question 1 Question 2 Question 3 Question 4 Question Grade; FINC 3116 Financial Management ! Assignment 1 Name Student Number...

Q:

Individuals with visual impairments or blindness will not be able to recognize typical books with words that are printed with ink. Touch-based systems using raised symbols that can be felt with the...

Q:

Alpha particles produced from radioactive decays eventually pick up electrons from the surroundings to form helium atoms. Calculate the volume (mL) of He collected at STP when 1.00 g of pure 226Ra is...

Q:

An ARMA process has an autocorrelation {?xx(m)} whose z-transform is given as(a) Determine the filter H(z) for generated {x(n)} from a white noise input sequence. Is H(z) unique? Explain.(b)...

Q:

Use the results of part 1 to complete the 6 column table by first entering the appropriate adjustments for items a through g and then completing the adjusted trial balance

Q:

Pharoah Company reported the following amounts for 2022: Raw materials purchased $95,200 Beginning raw materials inventory 5,824 Ending raw materials inventory 5,040 Beginning finished goods...