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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

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 15th of 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 Lucilles circumstances

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