Lucas and Gordon own their own business. Lucas is 10 years older than Gordon. For many reasons, they decided to enter into a buy-sell agreement. In order to fund the eventual buyout, Lucas and Gordon need life insurance on each other. The following disagreement ensued: Lucas: This isn't fair. It is going to cost me more to buy life insurance on you given your age and smoking status! I can't afford that premium all on my own Gordon: I'm probably going to die first, which means you will get all this money to buy out my shares and own the entire business. What would you recommend? Select one: a. Business-owned insurance b. Criss-cross Insurance c. Joint last-to-die Insurance d. Using their own personal assets to fund the buyout Spencer is considering applying for an individual disability policy. He was astonished by the prerniums. His agent reminded him that disability insurance can be more expensive than other types of insurance because disability is far more common than death at a young age. He outlined many different ways the premium could be reduced. Which of the following is not one of those solutions? Select one: a. Extend the walting period b. Reduce the waiting period c. Reduce the benefit period d. Reduce the coverage amount