Your client, Elise, is evaluating several investments for her RRSP$.$ Elise is retiring next year, and is a risk averse investor. In particular, she is trying to decide between a standard segregated fund and a guaranteed minimum withdrawal benefit plan. Before making her decision, what should Elise be aware of$?$

A GMWB would not provide Elise with the death benefit and maturity guarantees of a segregated fund

A GMWB would provide Elise with a credit every year in which a withdrawal is not made from the fund

A unique advantage of segregated funds over GMWBS is that Elise would be able to withdraw more than the specified amount if she encountered an unexpected expense

A key disadvantage of GMWBS is that Elise's minimum withdrawal amount could be reduced due to poor market performance

Question $6$ of $30$