Myra owns a segregated fund. The contact will mature in the ner 30 days, so...
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Myra owns a segregated fund. The contact will mature in the ner 30 days, so she schedules a meeting mith her insurance agent to review her options. When she look the contract out 10 years ago it was following the sale of her home; her husband had died, and she downsized to an appartment. she did not have any real need lor the lunds and she liked the idea of the gurantees on her principal deposit. at the time, she had named her brother as a beneficiary, but he has since passed away. Now 82, Myra lives in a nursing home, where she recieves almost daily visit from her nephew, corey. all her livinf expenses are already covered.
what should the agent recommend Myra do regarding her segregated fund?
o Parer the cottadt and amend the beneficiary designation.
o Taste rechaled he orat ba lem cartain amaty.
Tamirate tie contract and purchase long term care insurance
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