Barbara owns a Universal Life (UL) policy with a $500,000 death benefit, with her husband, Troy, as irrevocable beneficiary. The policy provides for a Terminal Illness (TI) benefit of 40% of the death benefit, to a maximum of $250,000. Barbara has just been diagnosed with lung cancer and her physician estimates that she will die within 4 -6 months. If Barbara obtains Troy's consent and applies for the TI benefit, which of the following outcomes will result? Barbara will receive a TI benefit of $200,000 and Troy will receive a death benefit of $300,000 upon Barbara's death. Barbara will not receive a TI benefit but Troy will receive a death benefit of $500,000 upon Barbara's death. Troy will not receive a TI benefit but Troy will receive a death benefit of $500,000 upon Barbara's death. Troy will receive a TI benefit of $200,000 and Troy will receive a death benefit of $300,000 upon Barbara's death.