Nahn is an insurance representative and he meets with his client, Camile. Camile has been Nahn's client for several years and currently owns an accumulation annuity which she purchased a year ago. Recently, Camile's employer began offering a new group benefits plan and one of the options in the plan is a group annuity. When Camile asks Nahn about the difference between individual annuities and group annuities, which of the following answers is CORRECT?

a)There are no differences between group and individual annuity contracts.

b)Only individual annuity contracts can be held in a Tax-Free Savings Account (TFSA).

c)Capital guarantees are generally higher for segregated funds in group annuity contracts.

d)Upon maturity, capital invested in segregated funds through a group annuity contract is not guaranteed.