Harry, who is aged $62,$ recently sold his business. He plans to invest $$150,000$ from the proceeds of the sale. He is investing the money in segregated equity fund contracts. He will be naming his children as beneficiaries on the contracts, and will invest for the long term based on their ages. In selecting the guarantees on his contracts, one of his priorities is to minimize costs. He is also aware that heart disease is prevalent in his family, with both his uncle and father dying before age sixty$-$five.

Which maturity and death benefit guarantees would be most appropriate for Harry?

Select one:

a$.$

$100\frac{\%}{75}\%$

b$.$

$75\frac{\%}{100}\%$

c$.$

$75\frac{\%}{75}\%$

d$.$

$10\frac{\%}{100}\%$