Question 21 (4 points) Which of the following statements about the death protection provided by a universal life (UL) insurance is (are) true? (Check all that apply.) With the Option A death benefit, the policyholder purchases a level amount of term insurance each month. With the Option B death benefit, the policyholder purchases an increasing amount of term insurance each time the coverage is renewed. The death protection can end prior to the death of the insured even if the planned premium is paid as scheduled every month. The policyholder can reduce the death benefit at any time without evidence of insurability. Universal life insurance bundles death protection with a savings component