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aymond James purchased a non-participating whole life policy with a face amount of $300,000and selected...

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Finance

aymond James purchased a non-participating whole life policy with a face amount of $300,000and selected a 20-pay option. He is 35 years of age and he will have a paid-up policy at age 55. Which of the following are features offered by the guaranteed non-participating whole life policy?

1. Automatic premium loan

2. Cash Surrender Value ( CSV)

3. Reduced Paid-Up insurance and Extended Term insurance

4. Policy loans

5. Dividends

6. Flexibility to change or add new life insureds

A.

2, 3, 4, and 5 only
B.

2, 3, 4, and 6 only
C.

3, 4, 5, and 6 only
D.

1, 2, 3, and 4 only

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