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Considering the financial profile of the following people : Shyam Singh, born 27/03/1953 in Montreal Quebec, married to Indira, is a retired nurse and is now home full time. He works part time, however, as a dogsitter, with an amount of 100$ per week. Indira Kaur, born 28/05/1958 in Laval Quebec, married to Shyam, is a pediatrician. She lost her job 2 months ago because she was late too often. She is not retired and still looking for work. Nihal Singh, born 12/12/2002 in Montreal Quebec, is a single college student and the son of Shyam and Indira. Luke Johnsonphee, born 19/03/1984, born in Trois-Pistoles-de-Bagotville (Quebec), is not related to Shyam, Indira and Nihal, but is the familys friend and neighbour. Shyam desires to buy from Sanjana a life insurance policy (1) and a critical illness policy (2) from Primogen Consulting Inc. The life insurance covers Shyams life and designates Indira as the beneficiary for the 100,000$ benefit.. For the critical illness policy, Shyam designates himself as the beneficiary, with a benefit of 50,000$ (survival 30 days). As well, Nihal and Luke also wants a life insurance policy on Shyams life, with a benefit of 250,000$ (Nihal #3, Luke #4). As it is a unilateral contract, they do not consult Shyam before taking the policy and there is no signature from Shyam on the life insurance. On November 4th, 2018, Shyam dies after a battle with cancer. It was a surprise, as the cancer was diagnosed only 5 weeks before. They expected him to live and fight for longer, but it did not happen. Shyam ended up paying a semi-private room in the hospital for 3 weeks where he spent his last weeks from the diagnostics to his death. First, Are the 4 policies valid ? Why or Why not. Second, Will the life insurance policy or critical illness pay their benefit and if so to whom ? If not, explain why. Third, What public plans was received by Shyam up to the day of his death ? (Do not forget to explain why). Fourth, What public plans will be received by Indira now that Shyam died?

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