Question 5 (4 points) Bill and Karen have been happily married for 5 years, with Karen being the major breadwinner in the family. The couple is thinking of buying a life insurance policy on Karen that would pay a death benefit to Bill in the event that Karen dies. In this case, which of the following statements is (are) true? (Check all that apply.) Karen could not buy the policy on her own life, since she does not suffer the financial loss when she dies. . If Bill purchases the policy, he would have to show an insurable interest in Karen's life at the inception of the policy. Of Bill purchases the policy but he and Karen later divorce, Bill would be unable to collect the death benefit when Karen dies because he no longer has an insurable interest in Karen's life. If Karen purchases the policy but Bill dies before Karen, any new beneficiary named by Karen would need to have an insurable interest in Karen's life