Caleb, age 16 , recently started working his first job at a fast food restaurant. Now that he is earning his own money, Caleb wants to purchase life insurance on his own life that would provide money for his parents if he were to die. He would want the money to go to his sister Gabriella in case his parents pass away first. Which of the following is CORRECT? a) Caleb can.purchase the policy if it is held jointly with his parents. b) Caleb's premiums would be less than a female of the same age. c) Gabriella is considered the contingent beneficiary of the policy. d) Caleb will have to wait until he is 18 to purchase the life insurance