stion 5 Bernice owned a life Insurance policy in which she was the life insured and her favourite charity was the beneficiary. Upon her death, $500,000 was paid to the charity. How much of Bernices income can be claimed as a charitable donation in the year of werd death? ked out of Select one: Flag sation a. Up to 75% of Bernices net income in the year of death. b. There is no limit as to the amount of a charitable donation that can be claimed in the year of death c. Up to 100% of Bernices net income in the year of death. d. There is no limit as to the amount of a charitable donation that can be claimed in any year. estion 6 Which one of the following clients would have a valid claim with Assurs today? ye out of 00 estion Select one: a: Michael, who invested in a segregated fund. Upon the 10-year maturity mark the fund was worth less than the guaranteed amount, and the insurance company filed for bankruptcy. D. Julie, who bought shares in ABC Insurance Company. The insurer just fled for bankruptcy. c. Janice, who invested in a segregated fund. Six years into the contract, the insurer filed for bankruptcy. Although a new insurer has since taken over the fund, the current value is less than the guaranteed amount d. All of these clients would have a valid claim today with Assuris