Union Bank lent $200,000 to Wagner. Union required Wagner to obtain a life insurance policy naming Union as beneficiary. While the loan was outstanding, Wagner stopped paying the premiums on the policy. Union paid the premiums, adding the amounts paid to Wagner’s loan. Wagner died, and the insurance company refused to pay the policy proceeds to Union. Union may:

a. Recover the policy proceeds because it is a creditor beneficiary

b. Not recover the policy proceeds because it is a donee beneficiary

c. Not recover the policy proceeds because it is not in privity of contract with the insurance company

d. Not recover the policy proceeds because it is only an incidental beneficiary Appendix