Duong is an insurance representative and he meets with his client, Bailee. Bailee indicates that she would like to use her non-registered investments and savings to purchase an annuity. Bailee would like the annuity payments to be payable to her son, Alfred. She also wants to ensure that her husband Denis would become the policyholder if she were to die before Alfred. Which of the following options would meet Bailee's objectives?

a)Bailee as policyholder and Denis as beneficiary.

b)Denis as contingent beneficiary and Alfred as beneficiary.

c)Bailee as annuitant and Denis as subrogated beneficiary.

d)Denis as subrogated policyholder and Alfred as annuitant.