All of the following illustrate ways to launder money EXCEPT:

A. Purchase a life insurance policy and then cancel the policy during the free-look period to receive a refund of the premium used to purchase other assets or investments.

B. Purchase a life insurance policy and then use the policy values as collateral for a loan to buy a piece of real estate. The loan is repaid by surrendering the policy.

C. Use illicit funds to purchase life insurance policies from terminally ill insureds under viatical settlement agreements, naming an off-shore company or group of foreign investors as beneficiaries of the policies. When the insureds die, the proceeds are paid to the company or the investors as legitimate death benefits.

D. Purchase a term life insurance policy for a family member and use its value for integrating the money into the financial system when the insured dies.