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Michael gave his insurance agent $7,000 to invest in a term certain annuity. Six years fater, he is informed that the insurance company which issued

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Michael gave his insurance agent $7,000 to invest in a term certain annuity. Six years fater, he is informed that the insurance company which issued the annuity has failed; as a result, it cannot meet its financial obligations to its contract holders. Which organisation will protect Michael's investment in this situation? Select one: a. The Canada Deposit Insurance Corporation. b. The investor Protection Corporation. c. The Canadian Investor Protection Fund. d. The non profit organisation Assuris

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