Emma and Ben are siblings and are concerned about the long-term care of their father, Luke, should he become ill and need ongoing care. After meeting with him and his agent, Emma and Ben have decided to obtain and pay for a policy so that they will both have control over the policy, including jointly approving any changes in beneficiary. They have designated their father as beneficiary. Given this scenario which of the following statements is most correct? Select one: a. Luke is the life insured and the long-term care facility is the beneficiary b. Emma and Ben pay for the policy while Luke is the beneficiary c. Emma and Ben have control of the policy but no legal ownership d. Emma and Ben pay for and are the policyholders of the policy