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Kirk is an estimator with a local Construction Company. when he started with the company,...

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Finance

Kirk is an estimator with a local Construction Company. when he started with the company, he met with the owners financial planner and obtained a life insurance policy. Kirk was 25 at the time. Ten years later, Kirk, decided to go sailing down in South America with a friend. they were caught in a very strong storm and never came back. there was never any confirmation that Kirk and his friend died at sea, but the families have come to accept that they are unlikely to have survived. a year and a half later, Kirk's wife found the copy of his life insurance policy. How would the insurer deal with her claim?

a. The insurer would not pay out the death benefit, as sailing in South America would be considered as a hazardous activity

b. The insurer would not pay out the death benefit (at least not yet) as there is no official confirmation that Kirk is deceased

c. The insurer would pay out the death benefit, as it can simply be assumed that Kirk died given that he never returned home.

d. The insurer would pay out the death benefit as it has been over a year since Kirk has been gone.

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