11. In June 2007, Gerard invested $25,000 in a growth segregater fund wish a 10-year maturity. His segregated fund contract contained a 75% maturity guarantee and a 100% death benefit guarantee. Gerard died in May 2017 when the market value of his fund was $32,000. He had not named a beneficiary. How much did the insurer pay Gerard's estate?

Answer rating: 100% (QA)

Based on the given information the insurer would pay Gerards estate 32000 Heres ... View the full answer