You are assisting you clients, Steven and Martha, with their estate planning so they can coordinate their insurance and investment needs. Steven and Martha are married and have two children. Steven has a Registered Retirement Savings Plan (RRSP) and Martha is the beneficiary on the plan. You are explaining the implications in terms of their RRSPs. Which of the following statements is correct concerning their RRSPs?

a)If Steven dies, and Martha is the beneficiary of his RRSP, the RRSP will be deregistered and the full amount will be taxed at his marginal tax rate at death.

b)Steven may opt for permanent insurance over term insurance so he can use the difference in premiums to contribute to his RRSP.

c)Steven's RRSP can rollover to Martha without triggering a deregistration if he designates her as his beneficiary.

d)If a rollover of Steven's RRSP cannot be used, the children can receive the proceeds from the RRSP tax-free when they become adults.