Danny is currently in his early thirties. He has been married for 3 years, but doesn't have any kids for now. His wife, Helen, is a private educator, and specialises in teaching Business English to executives. Danny spent early part of his career as a graphic designer, and subsequently found his calling as a creative CGI expert. He is highly sought after for his detailed work and highly professional work ethics. About 3 years ago, he struck out on his own together with his best friend, George. George's role is more of a business developer. The company is called Everbright & Magic Pte. Ltd. (EMPL). Right from day one, EMPL made a great impact on the creative CGI industry in Singapore. From a staff of three at the start, now it employs 120 staff. Turnover for the year 2016 was close to $20 million. As the creative force behind EMPL, Danny contributed almost 70% towards the bottom line. Question 1 As an advisor, indicate and recommend two (2) risk transfer strategies to be put in place that will at least maintain the value of EMPL in the event of a premature death of Danny. For each strategy named, evaluate and appraise four (4) key features of it. (30 marks)