$26.$ There are some key attributes of whole life insurance that set it apart and make it very unique versus term insurance. All of the below are true except:

a$.$ Cancellation outcomes$-$ if you no longer need life insurance, you can take out the cash surrender value. If you still need life insurance, the insurance company can typically find another option via a paid up policy

b$.$ Premium holiday$-$ if you r$=$need a break from paying premiums, the funds in the cash value account can cover them

c$.$ Policy loans$-$ you can take a low interest, flexible repayment loan against your cash value account

d$.$ Policy holder can withdraw funds from their cash value account at no penalty