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Mary has invested $155,000 in a segregated fund from A2Z Insurance Company. The contract has a 75% maturity guarantee. Mary is concerned about A2Z's financial
Mary has invested $155,000 in a segregated fund from A2Z Insurance Company. The contract has a 75% maturity guarantee. Mary is concerned about A2Z's financial stability and long-term track record, but A2Z's representative has told her not to be concerned because she will get coverage through Assuris, in the event that A2Z becomes insolvent.
What is the amount of coverage that Mary will get through Assuris?
Choose the closest answer.
A.$131,750
B.$155,000
C.$98,800
D.$116,250
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