All of the following statements concerning whole life insurance are correct EXCEPT

a. As long as premiums are paid Whole life insurance provides for the payment of the policys face amount upon the death of the insured, regardless of when death occurs.

b. Because Whole Life insurance has cash value the policy owner must decide how they want to invest the cash portion of their policy.

c. Whole life insurance offers permanent protection with cash values, and it can be either participating or nonparticipating.

d. The protection afforded by the whole life insurance contract is permanentthe term never expires, and the policy never has to be renewed or converted.