On January 1, 2022, lacquefymne secures a 10-year term life insurance pollcy providing 5500.000 in benefit to her four (4) children. She dies on March 3. 2033. How much of the $500,000 is distributed to each child? Nothing, because her death occurred after the policy expired Nothing. because term policies require a trust for beneficiaries under 18 \$106.250 per chilid, hecause there is a 15\% reduction in benefits for every year outside the term that death occurs, and they are class beneficlaries, so the remaining proceeds must be distributed evenly $125,000 per child, because they are class beneficiaries, so the proceeds must be distributed evenly On January 1, 2022, Jacquelynne secures a 10-year term life insurance policy providing $500.000 in benefit to her four (4) children. What is the current value of the policy? $500,000, less taxes, fees, and projected funeral expenses 50, because a term policy does not mature until minor beneficiaries reach the age of majority $500,000 so, because a term policy has no value until the policyholder dies