QUESTION 2 (2 pages) On January 12th, 2018, Mike Longan has signed a contract with Vlad Klaus, a financial service adviser working for ZZZ Insurance company. It is a life insurance contract. Vad has given a copy of the policy which you can see on the next page on February 1", 2018. Mike has given his cheque for his first premium the same day he signed. The premium is 365 monthly for a life insurance for Mike Longan, insured where his wife, Janice Swanson Longan, and him would receive 200.000$ each in case of their deaths, Janice is not aware of this policy and does not know she would benefit from such amount. On November 12nd, 2019, Mike stops paying his insurance. Still, nobody is aware of this. On January 10th, 2020, Mike sends a cheque to the company covering both his November, December, and January premiums with interest. He is found dead on February 17", 2020, having committed suicide. ZZZ Insurance has never sent any letter to Mike about his payment or nonpayment. The company does not mention any benefit to Janice, as they believe they should not be paying because a) Mike skipped three payments and thus the policy has fallen into a non-payment state plus they received the payment by the mail after he was dead and because b) Mike attempted on his own life, and as he was a beneficiary this voids the policy. First, tell if both arguments are acceptable from ZZZ insurance are acceptable. Why. Second, spot 5 mistakes in the life insurance policy attached to this document