Question 4: Beth purchased a participating life insurance policy 10 years ago. Her life insurance needs have increased, but she has developed a medical condition that makes it impossible for her to purchase more life insurance at affordable premiums. Which dividend option makes sense for Beth to use given her medical condition? Explain your answers!!

Question 5: From Question 4 above, now, suppose that Beth purchased a life insurance policy back when she was 40 years old and had significant life insurance needs. Now she is 50. Her mortgage is almost paid-off and her children have left home and are financially independent. Beth no longer wants to pay premiums, but she would like to have some permanent life insurance in force. Which nonforfeiture option could Beth employ to meet these objectives? Explain your answers!!

Thank you!