Marcel purchased a renewable Term 10 life insurance policy at age thirty. The coverage was for $150,000. Before turning thirty, he contacts Jeanne, his life insurance agent. He wants to find out what will happen with the policy.

What will Jeanne tell him?

Select one:

The policy will be automatically renewed, but the coverage will be reduced.

The policy will be automatically renewed for the same coverage and premium.

The policy will be renewed for ten years, provided Marcel makes a request to that effect and provides proof of insurability.

The coverage will be automatically renewed for the same coverage, but the premium will be based on the age of forty.