Scott needed a $60,000 bank loan to expand his specialty cake business. His bank is willing to lend him the full amount, but wanted some security for the loan. Along with his personal guarantee, Scott offered the bank an assignment of his $100,000 participating whole life insurance policy, which has a $27,000 cash surrender value. After completion of the business expansion, but before Scott could pay off more than $2,000 of the loan, he died in a hunting accident. What would most likely have happened with the life insurance policy as a result?