Fern completes a needs analysis for life insurance coverage for her clients Celeste and Gilbert and recommends an insurance policy for them. Fern highlights and explains the important clauses of the policy to help them understand the key provisions. When Fern explains the contestability period for the policy, which of the following statements is a CORRECT explanation that she should provide to Celeste and Gilbert?

a)		Once the contestability period has expired, the insurance company cannot cancel the policy for any reason other than missed premiums or fraudulent misrepresentation.
b)		As long as the policy premium is received by the insurance company within the 30 day contestability period, the policy will remain in force and will not lapse.
c)		During the contestability period, the insurance company cannot cancel the policy for any reason other than missed premiums or fraudulent misrepresentation.
d)		During the 30 day contestability period, the policyholder can review the policy and return the policy to the insurance company for a full refund of all premiums paid.