Lucille, age 50, owns a permanent critical illness (CI) insurance policy with a $50,000 face value. The policy effective date is February 1st.On June 15thof the same year, Lucille is diagnosed with terminal cancer.Lucille dies the following month, on July 5th. Which of the following CORRECTLY describes what the outcome would be given Lucille's circumstances?

a)No benefit would be payable because Lucille was diagnosed during the qualification period.

b)The insurance company would pay a benefit of $50,000 to Lucille's beneficiary.

c)The insurance company would reduce the benefit to $30,000 due to the policy's waiting period.

d)No benefit would be payable because Lucille died during the waiting period.