16. The Butterfields are not sure whether they are paying an appropriate premium for their universal life insurance policy. Which statement below is true in relation to this concern? a. The universal life policy is fairly priced according to the yearly-price-per -thousand formula. b. Even though the yearlyprice-perthousand formula states that the policy is overpriced, given Haley's health status, she should hold the policy because she probably will not qualify for another policy. c. Even though the universal policy is expensive, they should not replace it because the cost is less than two times the yearly-priceper-thousand formula benchmark price. d. Haley should replace the universal policy because, according to the yearly-price-per thousand formula, the cost is more than two times the benchmark price