Ken and Amanda, a married couple who are both age 56, each own a 10-year term life insurance policy that is convertible up to age 70. The policies were purchased in 1990 when their three children were very young, and each spouse named the other as beneficiary of their respective policy. The beneficiary designations remain unchanged, although the original purpose of the insurance was to cover the cost of rearing the children in the event of either spouse's premature death. Now that the children are adults and are no longer dependent on their parents, which one of the following statements is true?

	A.	Ken and Amanda are each free to deal with their respective policy in any way he/she wishes.
	B.	Ken and Amanda are obliged to continue paying premiums on the policies until each policy expires
	C.	By retaining the policies with the current beneficiary designations, Ken and Amanda could each guarantee that no matter when either dies, the remaining spouse will receive a death benefit.
	D.	Because the original purpose for the insurance is no longer valid, the policies are no longer valid

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