calista owns a $100,000 life insurance policy insuring her husband's life. calista's husband, james, has a terminal illness and is expected to live only 36 months but is still able to perform all activities of daily living. calista is considering a viatical settlement or applying for accelerated benefits. which of the following statements concerning the income tax consequences of a viatical settlement or accelerated benefits for calista and james is (are) correct?1. a lump sum paid in a viatical settlement to calista is taxable because she is not terminally or chronically ill.2. a lump sum paid to calista in a viatical settlement when a doctor certifies that james is expected to die within 24 months will be received income-tax-free. 3. accelerated benefits paid by the insurer to calista when a doctor certifies that james is expected to die in less than 12 months will be received income-tax-free.a. 1 and 2 b. 1 and 3.c. 2 and 3 d. 1. 2. and 3