Albertina purchased a segregated fund contract for $300,000 with a 75% death benefit guarantee. She named her children as beneficiaries. At the time of Albertina's death, the market value of the contract was $275,000. She had $20,000 in outstanding debt.

How much will her beneficiaries receive from the segregated fund contract?

Answer rating: 100% (QA)

A segregated fund is an investment product with an insurance component The death benefit guarantee e... View the full answer