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Gabriel owns a construction company that is structured as a sole proprietorship. Two months ago one of his employees was injured at a job site.

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Gabriel owns a construction company that is structured as a sole proprietorship. Two months ago one of his employees was injured at a job site. Gabriel has just received notification that he is being sued for $4 million dollars. which is far in excess of his insurance coverage. Gabriel's lawyer has advised him that if he loses he will have to liquidate all of his personal assets to pay the judgment. Gabriel owns a segregated fund contract that has himself listed as the beneficiary, but based on this information Gabriel has changed the beneficiary to his mother. Given this scenario would changing his beneficiary achieve creditor protection for this investment? Select one

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