Becky bought a universal life policy and was paying the minimum premium required. As time went by, the mortality costs increased due to her increasing age. Her premiums were no longer covering the COIs of the policy and she was notified the policy was about to lapse. What option(s) are available for Becky? (Check all that apply)

Group of answer choices

Let the policy terminate and apply for new coverage

Exercise her conversion option

Increase premiums sufficiently to cover the increased COIs

Exercise the reduced-paid up option