Bob purchased a 10-year term life insurance policy with a face amount of $200,000 where he was the policy owner and life insured Unfortunately, Bob was consistently late in the payment of her premiums ($1,255 annually), usually paying them 20 days after the annual September 1 due date. This year Bob passed away on September 19th and did not have a chance to pay the insurance premium. How much will Bob's beneficiary receive?

O $200,000

O $198,745 (

O $1,255

O Nothing