23 which of the following investors of a segregated funds contract will not benefit from the contract’s maturity guarantee v2lgdwtptkznzbrthlazw5rnm1qut09 a. craig, whose contract is nearing maturity but the fund’s market value had reduced drastically b. zoey, who withdrew some funds from her contract on which her spouse is the beneficiary c. alan, who is surrendering his segregated funds contract which he purchased five years ago d. megan, who decided to reset her segregated funds contract which is maturing in two years v2lgdwtptkznzbrthlazw5rnm1qut09 ? next question

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# Brief Explanations:
To determine which investor does not benefit from the maturity guarantee, we analyze each option:
- **Craig**: Contract nearing maturity, so maturity guarantee applies (benefits).
- **Zoey**: Withdrew funds when market value was reduced. Maturity guarantee protects at maturity, but withdrawal before maturity (or in a way not at maturity) means she doesn't benefit from the maturity guarantee here (since she took funds out when value was down, not waiting for maturity to get the guaranteed value).
- **Alan**: Surrendering (ending) the contract, but the maturity guarantee would apply at maturity to protect value; if he surrenders, maybe not, but wait—wait, Zoey withdrew funds when value was down (so she took less, and the maturity guarantee is for maturity. If she withdrew before maturity, she doesn't get the guarantee's benefit. Wait, let's re - check:
Maturity guarantee in segregated funds typically applies at the contract's maturity (to ensure a minimum value, like return of principal or a minimum return). So:
- Craig: Contract nearing maturity—will benefit from maturity guarantee (since it's near maturity, the guarantee will kick in to protect value).
- Zoey: Withdrew funds when market value was reduced. She took funds out before maturity, so she doesn't get the benefit of the maturity guarantee (which is for the value at maturity). So she withdrew at a low value and didn't wait for maturity to get the guaranteed value.
- Alan: Surrendering his contract—if the contract is being surrendered, but maybe the maturity guarantee still applies? Wait, no—surrendering is like cashing out, but maturity guarantee is at maturity. Wait, maybe I got Zoey and Alan mixed. Wait, the question is which does NOT benefit from the contract’s maturity guarantee.
Maturity guarantee is for the value at the contract’s maturity. So:
- Craig: Contract nearing maturity—will benefit (guarantee will apply at maturity to protect value).
- Zoey: Withdrew funds when market value was reduced. She took money out when the value was down, not waiting for maturity. So she doesn't get the benefit of the maturity guarantee (which would have protected the value at maturity). So she is the one who does not benefit.
- Alan: Surrendering his contract—if the contract is being surrendered, but maybe the maturity guarantee still applies? Wait, no—surrendering is terminating the contract, but maturity guarantee is at maturity. Wait, maybe the key is: Zoey withdrew funds when value was down (so she got less, and the maturity guarantee is for maturity—so she didn't wait for maturity to get the guaranteed value, so she doesn't benefit from the maturity guarantee).
- Megan: Resetting her contract (maybe extending the maturity, but the maturity guarantee will still apply at the new maturity date, so she will benefit from the maturity guarantee in the long run.

So the answer is b. Zoey, who withdrew some funds from her contract on which her spouse is the beneficiary (wait, no—the option is "Zoey, who withdrew some funds from her contract on which her spouse is the beneficiary"—wait, the option text: "b. Zoey, who withdrew some funds from her contract on which her spouse is the beneficiary"—wait, no, the original options:

a. Craig, whose contract is nearing maturity but the fund’s market value had reduced drastically

b. Zoey, who withdrew some funds from her contract on which her spouse is the beneficiary

c. Alan, who is surrendering his segregated funds contract

d. Megan, who decided to reset her segregated funds contract which is maturing in two years

Wait, let's re - evaluate:

Maturity guarantee benefits those who hold the contract until maturity (or near maturity) to get the guaranteed value.

- Craig: Contract nearing maturity—will benefit from maturity guarantee (since it's near maturity, the guarantee will protect the value).
- Zoey: Withdrew funds (so she took money out before maturity). The maturity guarantee is for the value at maturity. So she doesn't benefit from the maturity guarantee (because she didn't wait for maturity to get the guaranteed value; she withdrew when the value was down).
- Alan: Surrendering his contract—if he surrenders, but maybe the maturity guarantee still applies? Wait, no—surrendering is ending the contract, but maturity guarantee is at maturity. Wait, maybe the answer is Zoey. Because she withdrew funds when the value was low, not waiting for the maturity guarantee to kick in (which would have ensured a minimum value at maturity). So she does not benefit from the maturity guarantee.
# Answer:
b. Zoey, who withdrew some funds from her contract on which her spouse is the beneficiary

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