Hardeep, age 65, has accumulated a financial portfolio that includes his registered retirement savings plan (RRSP) invested
Fantastic news! We've Found the answer you've been seeking!
Question:
Hardeep, age 65, has accumulated a financial portfolio that includes his registered retirement savings plan (RRSP) invested in guaranteed investment certificates (GICs), a non-registered segregated fund account, and a life insurance policy payable to his estate. Additionally, he and his wife Ayesha have funds in a joint savings account at their local bank. Hardeep has named Ayesha as his beneficiary on his segregated fund and his RRSP. If Hardeep were to die today, which of the following assets would be controlled by his will?
a) savings account
b) life insurance
c) segregated fund
d) guaranteed investment certificates
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
Posted Date: