Abdul and Adah are considering whether they should opt for a 100% maturity and death benefit guarantee on their segregated fund or a 75% maturity and death benefit guarantee. Which of the following is a correct statement about maturity and death benefit guarantees? 

a)The term to maturity may be longer where the guarantee is higher. 

b)The guarantee will remain constant if there is a withdrawal during the contract. 

c)The investor receives the market value if it is lower than the guarantee. 

d)The management expense ratio (MER) will be lower where the guarantee is higher.