$1234567891011121314151617181920212223242526272830>29$ Azmi is a $31-$year$-$old busy single mother of a $3-$year$-$old boy. She works as a lawyer and is planning to buy a house in five years. She wants to purchase a life insurance policy on her life so that her son's life is secure if she dies prematurely. Based on her needs, her insurance agent recommends a participating whole life insurance policy. Azmi would like to know why the agent's recommendation is better than buying a term insurance policy. The agent would say that:OUhQNkFnZVNRQ$2$pOWVdKY$2$hNN$050$dz$09$ a$.$ OUnlike term insurance, coverage offered by a whole life policy can be customized to a specific duration.b$.$ O A participating whole life policy provides guaranteed policy dividends, an option not available with term insurance policy.c$.$O While Azmi is relatively young, premiums of a whole life policy are generally lower than premiums for the same amount of term life coverage.d$.$ Unlike term insurance, a whole life policy never requires renewal and will remain in force even if Azmi's health declines.