$34.$ Caleb has a universal life $($UL$)$ insurance policy. He pays a monthly deposit of $$565,$ for which $$450$ covers the mortality charges. Which of the following are the most likely included in the remaining portion of the premium?

i$)$ Investment contributions

ii$)$ Administration fees

iii$)$ Yearly renewable term premium

iv$)$ Morbidity charges

a$)$ ii$)$ and iii$)$

b$)$ i$)$ and ii$)$

c$)$ i$)$ and iv$)$

d$)$ iii$)$ and iv$)$