Christian, age 68, has just suffered a heart attack and has a shortened life expectancy. He owns a segregated fund contract from the Vesticom Insurance Company. Unfortunately, the Vesticom Insurance Company has just gone bankrupt and can no longer honour its guarantees. Christian purchased the fund 2 years ago with an initial investment of $135,000, and named his colleague, Martin, as irrevocable beneficiary. The fund is now valued at $78,000 and has a 75% maturity guarantee and 75% death benefit guarantee. Which of the following statements about Christians investment is CORRECT?
a)		Christian can exercise his right of rescission today and he will receive $78,000.
b)		Medical underwriting will be required if Christian switches to another segregated fund.
c)		If Christian died today, Martins death benefit would not be protected from creditors.
d)		Martin would receive a benefit of $86,062.50 if Christian were to die today.