Each year, Matt, age 52, contributes $500 to his favourite charitable organization. While he would like to contribute more, he cannot afford more than a $500 a year. He wants to be able to receive a tax credit each year. Matt is thinking about using his annual contribution to purchase a life insurance policy for the benefit of the charitable organization. The best option to maximize the amount of his donation is to: cGNemFaZkICa3IEUDVxdEh0bFp4Zz09 a. Purchase a term-100 policy and assign the policy to the charitable organization, making it the owner and beneficiary. b. Name the charitable organization as the beneficiary of an existing policy. c. Purchase a whole life policy payable in 20 years and assign the policy to the charitable organization, making it the owner and beneficiary. d. O Purchase a term-100 policy and name the charitable organization as beneficiary