A Gary will receive the $100,000 tax free if his wife dies and his parents will receive the death benefit of his policy tax-free. Gary is employed with a large manufacturer that provides both life insurance and health group insurance on a non- contributory basis. Gary is covered up to double his salary through his life insurance and his wife is covered up to $100,000 through dependant life insurance. Gary's life policy names his parents as beneficiaries B Gary's parents will receive the death benefit of both the dependant life coverage and his policy tax-free. C Gary's parents will receive the death benefit of his policy tax free and Gary will not have to pay premiums on his wife's policy. What is the benefit of the life insurance plans? D Gary's premium is tax-deductible and both the dependant insurance and life insurance coverage on Gary will be taxed when given to his parents