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What is the value of the death benefit

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Question - Mr. Timberlake received a payment from a segregated fund following the death of the person insured by the contract. At the time of the payment, the market value of the fund was $50,000. But the guarantee amount was $58,500 based on the most recent reset date. What is the value of the death benefit that the insurance company owes to Mr. Timberlake?

Reference no: EM133168509

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