QUESTION 3 (3 pages) Considering the financial profile of the following people : Shyam Singh, born 27/03/1953 in Montreal Quebec, married to Indira, is a retired nurse and is now home full time. He works part time, however, as a dogsitter with an amount of 100 per week Indira Kaur, born 28/05/1958 in Laval Quebec, married to Shyam, is a pediatrician. She lost her job 2 months ago because she was late too often. She is not retired and still looking for work Nihal Singh, born 12/12/2002 in Montreal Quebec, is a single college student and the son of Shyam and Indira Luke Johnsonphee, born 19/03/1983, born in Trois Pistoles-de-Bagotville (Quebec), is not related to Shyam, Indira and Nihal, but is the family's friend and neighbour Shyam desires to buy from Sanjana a life insurance policy (1) and a critical illness policy (2) from Primogen Consulting Inc. The life insurance covers Shyam's life and designates Indira as the beneficiary for the 100.000$ benefit.. For the critical liness policy, Shyam designates himself as the beneficiary, with a benefit of 50,000$ (survival 30 days). As well, Nihal and Luke also wants a life insurance policy on Shyam's life. with a benefit of 250,000$ (Nihal #3, Luke #4). As it is a unilateral contract, they do not consult Shyam before taking the policy and there is no signature from Shyam on the life insurance. On November 4th, 2018, Shyam dies after a battle with cancer. It was a surprise, as the cancer was diagnosed only 5 weeks before. They expected him to live and fight for longer, but it did not happen Shyam ended up paying a semi-private room in the hospital for 3 weeks where he spent his last weeks from the diagnostics to his death First, Are the 4 policies valid? Why or Why not. Second, Will the life insurance policy or critical illness pay their benefit and if so to whom? If not, explain why. Third, What public plans was received by Shyam up to the day of his death ? (Do not forget to explain why). Fourth, What public plans will be received by Indira now that Shyam died