Pamela has a rare blood disease that is likely to take her life within the next couple of years. She has no great desire to continue to pay the annual $15,000 premiums on the $500,000 life insurance policy that she received when she sold her interest in a closely held business to her co-owners. The cash surrender value of the policy is about $100,000. An ADB provision would allow her to take $75,000 from the company and stop paying premiums. A viatical company has offered to buy the policy for $290,000. She would like to go on a world cruise while she still is well enough to enjoy it. Consider each of the following means of using the policy to obtain money for this and other expenses. Explain how she would obtain the cash and the relative merits of each option.