Gertrude has a segregated fund contract with a 100% death benefit guarantee. She passes away in year 16 of her contract and the market is very volatile. Her initial deposit was $25,000, it grew over time to $37,000, but now is worth $21,000. Assuming there are no resets and ignoring fees and charges, what amount can the beneficiary expect to receive?

a)$18,750

b)$21,000

c)$25,000

d)$37,000

Answer rating: 100% (QA)

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