Hank and Margaret have been married for twenty-two years. They have no children. Hank purchases a \( \$ 250,000 \) life insurance policy to provide financially for Margaret in the event of his death. Hank has no will and he does not want the proceeds of his life insurance to be paid to his estate, if they both should die in an accident. Hank's only relatives are two brothers, Harold and Herb. He is very close to Harold but had a fight with Herb and still does not talk to him. What should the agent advise Hank to do when he purchases the policy? Select one: a. Designate Margaret and Harold as contingent policy owners. b. Designate Margaret and Harold as beneficiaries. c. Designate Margaret as the beneficiary and Harold as the contingent beneficiary. d. Designate Margaret as the beneficiary and Harold as the contingent policy owner.