Bill seeks your advice regarding his insurance coverage. Currently, Bill owns a participating whole life policy with a cash surrender value (CSV) of $153,000 and a death benefit of $450,000. The annual premium for Bill's policy is $17,000. Unfortunately, Bill has suffered a considerable decline in health and is permanently unable to continue working. As a result, he can no longer afford the premiums on his whole life plan. However, he insists that he must have at least some amount of insurance to cover his final expenses and preserve his estate. Which of the following is the BEST option given Bill's circumstances and insurance needs? take a premium holiday by using the automatic premium loan non-forfeiture provision use the reduced paid-up insurance non-forfeiture provision use the extended term insurance non-forfeiture provision surrender the current policy and use the CSV to purchase a more affordable policy Rou Neyt View Summary Close