Francesca owns a $1 million life insurance policy with a cash value exceeding $100,000. The policy has been in effect for more than a decade and Francesca's daughter Wendy is the revocable beneficiary. Francesca's business is failing and she personally guarantees her business's debts. She is concerned about what will happen to the policy if her creditors go after her assets. She asks her agent for advice. Ethics Common Lan Notepad Calculatori What should the agent tell Francesca? The most her creditors can seize is the cash value, so no action is necessary. Because Wendy is a preferred beneficiary the policy is already creditor-proof. She should creditor-proof the policy by making Wendy the irrevocable beneficiary. She should creditor-proof the policy by making her estate the policy owner. Choose 1 option. Stop khan Submit