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What amount can the beneficiary expect to receive

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Gertrude has a segregated fund contract with a 100% death benefit guarantee. She passes away in year 16 of her contract and the market is very volatile. Her initial deposit was $25,000, it grew over time to $37,000, but now is worth $21,000. Assuming there are no resets and ignoring fees and charges, what amount can the beneficiary expect to receive?

Reference no: EM132752667

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