The Trent-Harbor Corporation is owned equally by Hugh Trent and Cary Harbor. They are considering a cross-purchase agreement. If the business is worth $500,000, how should the life insurance policy on Hugh Trent be written?

		$500,000 face amount, Cary Harbor as owner and beneficiary.
		$250,000 face amount, Cary Harbor as owner, Hugh Trent as beneficiary.
		$250,000 face amount, Cary Harbor as owner and beneficiary.
		$500,000 face amount, Hugh Trent as owner and beneficiary.