Five years ago, Brett purchased segregated equity fund contract with a single deposit of $100,000...
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Five years ago, Brett purchased segregated equity fund contract with a single deposit of $100,000 Percent market conditions led to a sharp downtum in the fund's market value: on Brett's passing last month, it was worth $68,000. Nevertheless, Bretts estate received proceeds of $75,000 from the contract.
What unique feature of segregated hunds alowed Bretts estate to receive $75,000?
a. Exemption from probate.
b. Death benefit gurantee.
c. Assuris protection.
d. Reset
Five years ago, Brett purchased segregated equity fund contract with a single deposit of $100,000 Percent market conditions led to a sharp downtum in the fund's market value: on Brett's passing last month, it was worth $68,000. Nevertheless, Bretts estate received proceeds of $75,000 from the contract.
What unique feature of segregated hunds alowed Bretts estate to receive $75,000?
a. Exemption from probate.
b. Death benefit gurantee.
c. Assuris protection.
d. Reset
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