Question 3 (4 points) Jim is the insured under a $1 million cash value life insurance policy for which his wife, Christy, is the beneficiary and policy owner. Which of the following statements related to this policy is (are) true? (Check all that apply.) If Jim commits suicide three years after acquiring the policy, Christy will receive only a refund of the premiums paid for the policy. As the insured under the policy, Jim has a right to change his beneficiary if he wants. Christy can assign her rights under the policy to another party as long as she notifies the insurance company. If the policy is surrendered for its cash value after two years, it can be reinstated as long as certain conditions are met