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How much would the plan beneficiary receive

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Question - Arthur purchased a segregated fund with a single deposit of $12,000 which was deposited to a growth equity fund. The fund offered the minimum statutory guarantee at death of the annuitant or maturity of the plan. Due to recent market downturns the fair market value of the plan units is currently only $11,200. How much would the plan beneficiary receive if Arthur were to die today?

Reference no: EM133176605

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