Jeff loves to travel. A few weeks before his 30th birthday, Jeff purchased a life insurance policy, with a $500,000 death benefit and named both his parents and his girlfriend as the beneficiaries (50% each). When filling out the application, Jeff lied about his age, and said he was 28 so he could save some money on the premiums. On his 31st birthday, Jeff died while vacationing in Florida. Jeff's parents and Jeff's girlfriend both filed a claim with the insurance company for the death benefit. How will the insurance company settle the claim and who will receive the benefits? Why?