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How does the reset provision affect the cost of administering a segregated fund? A.It has no impact on the cost. B.It raises the cost, since
How does the reset provision affect the cost of administering a segregated fund?
A.It has no impact on the cost.
B.It raises the cost, since resetting the guaranteed amount at a higher level increases maturity and death benefit guarantees.
C.It lowers the cost, since the reset provision lowers the risk exposure of the issuer.
D.It lowers the cost, since resetting the guaranteed amount at a higher level means the issuer is liable for a lower amount.
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