I. The ability to use the cash value of a life insurance policy to purchase paid-up term insurance is referred to as a non-forfeiture option.
II. The premium for $100,000 of 20-year term insurance will be lower than for 5-year term insurance.
III. At a certain age, term insurance can no longer be renewed.
IV. Term insurance policies can either be participating or non-participating.
V. The premium of term-to-100 insurance rises over time.
VI. The premiums of creditor term insurance are fixed.
a) I, II and III
b) II, IV and V
c) I, III and IV
d) II, IV and V