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11. Miranda is concemed about the safety of her insurance and investment holdings in the event that one of the companies that she deals with becomes insolvent. She holds a 100,000 life insurance policy with a cash value of $10,000 with XYZ life. She holds a 10-year term deposit with ABC Bank and she has an investment with MNO securities dealer for $200,000. XYZ is a member of Assuris, ABC Bank is a member of CDIC and MNO Securities is a member of CIPF. Which of the following statements concerning the insolvency protection her holdings enjoy is correct? (A) $200,000 of her securities holdings is protected under CIPF. (B) Her 10-year term deposit is protected under CDIC. (C) Her $100,000 sum insured under her life insurance policy is protected under Assuris but her cash value is not (D) Her cash value of $10,000 is protected under Assuris, but her sum insured of $100,000 is not. 12. Tad owns a deferred annuity with a life insurance company that is invested in units of a segregated fund. Tad financed the annuity with a single deposit of $12,000 and invested the funds in a newly issued segregated fund with a unit value of $10. The annuity that Tad owns offers a 75% guarantee on segregated fund deposits at death of the annuitant or maturity of the plan. Tad has experienced a personal financial crisis and needs to withdraw $3,000 from his deferred annuity. What will the death benefit guarantee of the annuity become if Tad withdraws the $3,000 when the fund unit value is $12, if the annuity uses the proportional withdrawal method to adjust the guarantees? (A) $6.750 (B) 57,125 (C) $9.000 (D) $9,500