Question: Q5. Death benefit calculation. SHOW YOUR WORK The guaranteed amount of Harry's segregated fund is $100,000. His wife is the plan's beneficiary. Harry passes away
Q5. Death benefit calculation. SHOW YOUR WORK The guaranteed amount of Harry's segregated fund is $100,000. His wife is the plan's beneficiary. Harry passes away two years later. What would his wife receive in the following cases? a) b) If the plan was worth $125,000 at the time of Harry's death, what is the death benefit payout? If the plan was worth $60,000 at the time of Harry's death, what is the death benefit payout? If the plan was worth $100,000 at the time of Harry's death, what is the death benefit payout? c)
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