Fanny and Freddy, a married couple, are considering purchasing a life insurance policy and would like to discuss the appropriate amount of coverage they would need. Fanny and Freddy have one family vehicle, a minivan worth $20,000 with an outstanding loan of $15,000. The couple each have $15,000 in their Tax-Free Savings Accounts (TFSAs) that are held in liquid savings as an emergency fund.Freddy has a Registered Retirement Savings Plan (RRSP) currently valued at $125,000. Fanny has a vintage motorcycle collection she inherited from her father with a market value of $50,000 with an adjusted cost base (ACB) of $12,000.Fanny would like to bequest the motorcycle collection to her brother if she passes. The couple's combined take home pay is $5,750 per month. They have discretionary expenses of $2,000 per month, non-discretionary expenses of $3,200 per month, and contribute $100 each to their emergency fund each month.Which of the following CORRECTLY describes a TRUE factor that will impact the amount of insurance that would be appropriate for Fanny and Freddy?a)There would be no tax liability on Freddy's RRSP if he were to predecease Fanny.

b)The amount of the potential monthly premium is likely not a concern for Fanny and Freddy.

c)Life insurance would not need to cover the disposition of the motorcycle collection.

d)The net value of the minivan would be deducted from the total insurance needed on the death of either Fanny or Freddy.