Calculate the reduced paid up insurance for Lee Chin, age 42, who purchased a $420,000 20-payment life policy. At the end of year 5. Lee stopped paying premiums. (Use Table 20 2.) Nonforfeiture options based on $1,000 face value Option 1: Cash value $200,000+$1,000=200$148=$29,600 Option 2: Reduced paid-up insurance $200,000+$1,000=200$371=$74,200 Option 3: Extended term insurance Bob could continte this $200,000 policy for 20 yoirs and 165 days