3. All purchased a life insurance policy when he was 44. The insurer accidentally recorded his age as 42. When the accident is discovered in a review of the files 5 years later * (1 Point) Ali will be charged the difference in premium between his actual age and his stated age, along with the interest on the back payments the policy will be canceled because of misrepresentation the policy will not change because the incontestable period will have passed Ali will be credited the difference in premium between his actual age and his stated age, along with the interest on the back payments 5. Ali's insurance policy is designed to cover the mortgage on his house if he should die before paying it off. The policy is * (1 Point) convertible term renewable term increasing term decreasing term