Daniella has a universal life (UL) insurance policy with a face value of $1,000,000. The net cost of pure insurance (NCPI) is $6,000 and Daniella pays annual premiums of $20,000. As a business owner and entrepreneur, Daniella owns a successful restaurant and would like to open another location to expand her business. In order to do so, she applies for a loan of $250,000 at her local bank. Subsequently, the bank approves Daniella’s loan, contingent upon the collateral assignment of her policy. What amount of her annual insurance premium can Daniella deduct as a business expense?

a) $1,500

b) $5,000

c) $6,000

d) $20,000