On April 1, 2018, Kevin purchased a life insurance policy with a face value of $90,000 and mistakenly checked a box on his application that said he did not have high cholesterol. He did however have high cholesterol and yesterday, April 9, 2021, died of a heart attack. The policy specified the incontestability date as April 1, 2020. Which statement is true?

a) Beneficiary will receive a refund of the premiums paid to date.

b) Beneficiary will receive $30,000 (i.e. $90,000/3 years) of the life insurance policy.

c) Beneficiary will receive the life insurance policy of $90,000 plus a refund of the premiums paid to date.

d) Kevin will receive $90,000 from the life insurance policy. e) Beneficiary will receive $90,000 from the life insurance policy as the policy has passed the incontestability date.