Your client has $50,000 to deposit and is choosing between a bank's 5 -year GIC and the insurance industry's 'Accumulation Deferred Annuity' for the same time period. He chooses the insurance companies' Accumulation Deferred Annuity because: elect one: a. Insurance products can be creditor proof and bypass probate b. The CRA taxes GICs annually whereas Accumulation Deferred Annuities are not taxable c. It provides greater consumer security if insurance company becomes insolvent d. It is an insurance product, it is not taxed until maturity