Berna is an insurance agent and she meets with a prospective client, Hakan. Hakan has a wife, Andrea, and 2 children, Basir and Esma. Hakan would like to purchase a policy based on his wife Andreas life and he would like to receive the insurance proceeds upon her death. However, if Hakan is not alive, he would like the death benefit to be paid to Basir. Hakan would also like Esma to become the policyholder should he die before Andrea. Which of the following CORRECTLY describes how the policy should be structured?

a) Andrea as life insured; Hakan as policyholder; Basir as contingent owner

b) Hakan as policyholder; Esma as contingent beneficiary; Andrea as life insured

c) Andrea as life insured; Basir as contingent beneficiary; Esma as contingent owner

d) Hakan as policyholder; Andrea as life insured; Esma as beneficiary