Life insurance contracts are a common form of $\_\_\_\_\_\_\_\_$ beneficiary contract. The insurance company $($the $\_\_\_\_\_\_\_\_),$ in return for payment of a premium, contracts with the owner of the policy $($the $\_\_\_\_\_\_\_\_)$ to pay benefits to a beneficiary on the death of the $\_\_\_\_\_\_\_\_.$

Select one:

a$.$ donor; promisee; promisor; insured

b$.$ donor; promisor; promisee; insured

c$.$ donee; promisee; promisor; insurer

d$.$ donee; promisor; promisee; insured