on 21 Jack, age 55, has a huge bank account but very limited annual cash flow. He is purchasing a sizeable whole life insurance policy as part of his estate plan. After doing a thorough insurance needs analysis, it has been determined that permanent coverage is appropriate, Jack would like to make just one premium payment each year until death or until age 80, whichever comes first. Which premium option would be ideal for Jack? red ad out of ng ition Select one: a. Limited payment b. Ongoing premium c. Single premium d. Adjustable whole life in 20 Al is considering establishing a group plan for his employees. All else being equal, which of the following plans would most likely carry the lowest premium for Al's company? ad out of . an Select one: a. A contributory plan with retention accounting b. A non-contributory plan with retention accounting c. A contributory plan with non-refund accounting d. A non-contributory plan with non-refund accounting