For which of the following reasons might a life settlement arrangement be a better option for a policyowner than surrendering a policy? (Search Chapter 2)

a. A life settlement will ensure that the policyowners original beneficiaries are still protected.

b. A life settlement will generally provide the policyowner with a higher settlement than a policy surrender.

c. The policyowner will not be required to transfer ownership of the policy under a life settlement.

d. The proceeds of a life settlement sale are completely tax free to the policyowner.