Sebastian is considering replacing his current life insurance policy based on his life insurance agents recommendations. Given this scenario which of the following statements is NOT correct? Select one: a. There will be a 2 year sulcide and contestability period on the replacement policy b. Sebastian's agent must submit a completed URD with the application c. Sebastian should cancel his existing policy once he applies for the replacement d. The major expenses of a policy are loaded into the first 7-10 years of a policy