12. A universal life policy with an Option 1 (level) death benefit, has a face amount of $100,000 and a current outstanding loan balance of $30,000. The policy has a dread disease accelerated death benefit rider. Six months ago, the insured was diagnosed with cancer and the rider paid out a benefit of $50,000. If the insured dies today, what would be the net death benefit proceeds paid to the beneficiary? a. $0 b. $20,000 c. $50,000 d. $70,000 e. $100,000