Melanie needs $150,000 to renovate her house and has decided to use her $700,000 life insurance policy as collateral to obtain a loan. She partially assigns the policy to the lender for security to borrow the required money. As a result of the partial policy assignment, the lender: a. can withdraw funds from the policy if Melanie fails to repay the loan on time. b. can prevent Melanie from performing any action on the policy that would reduce the lender's security. c. will become the new policyholder and will have full control over the policy. d. will receive the death benefit if Melanie dies before repaving the entire amount she borrowed