question 7

please answer all will upvote

Kenji is a 40-year-old lawyer who just bought a universal tife Insurance policy to protect his two children (ages 11 and 12) in the event of his death, Each year, Kenji chooses how much he would like to contribute to the policy, as shown in the first row of the following table. An administrative fee along with the cost of the death benefit (the portion of the policy) is the payment. The resulting amount goes into the cash-value (or portion of the policy. This money earns interest at a rate of return. Based on the given information, calculate the amount that is added to the cash-value portion of the policy in each of the first three years, Year 1 Year 3 Year 2 $2,000 $1,600 Premium (Annual Contribution) Administrative Fee $2,900 80 80 80 100 100 100 Cost of Death Benefit Amount Added to Cash Value $ life The cost of the death benefit portion of universal policies is only fixed for certain periods and rises with age, as is the case with insurance policies. Suppose that in the 11th year of his policy, Kenji's cost of death benefit has risen substantially. At the same time, he is paying college tuition and currently cannot afford to pay his life insurance premium True or False Under the terms of a standard universal policy, If Kenji stops paying his premiums, then Kenji's policy will be canceled, and the value of the cash portion will be paid out to him immediately. True False