Darren has a term policy that is scheduled to renew this year. He has decided he would like to keep some level of insurance for at least 5 years until his mortgage is paid. Darren is in excellent health and has no family history of illness. He is unsure whether he should renew his current policy or look at purchasing a new one. Which of the following statements is CORRECT? Question 12 options: a) Darren should renew his current policy which is in most cases more cost effective than purchasing a new policy. b) Purchasing a new policy in place of his existing renewal would have a negative tax impact on Darren. c) Purchasing a new policy will likely have lower premiums than the renewal rates of his existing policy. d) Darren should consider mortgage insurance instead as it provides a better level of coverage for his needs