Abdul and Adah are considering whether they should opt for a 100% maturity and death benefit guarantee on their segregated fund or a 75% maturity and death benefit guarantee. Which of the following is a correct statement about maturity and death benefit guarantees? 

a)The term to maturity may be longer where the guarantee is higher. 

b)The guarantee will remain constant if there is a withdrawal during the contract. 

c)The investor receives the market value if it is lower than the guarantee. 

d)The management expense ratio (MER) will be lower where the guarantee is higher.

Answer rating: 100% (QA)

a The term to maturity may be longer where the guarantee ... View the full answer