Shamus is 30 years old. He is considering purchasing term insurance as it is not expensive and will fit into his budget: He works at a gas station as an attendant/cashier. He earns $16 per hour. Shamus is in excelfent health. In discussion with his life insurance agent David, he discloses that in his family, there is a history of cancer. David recommends that he purchase convertible term. Why is purchasing convertible term insurance a good idea? Select one: a. This type of term provides Shamus with the option of converting his policy to some form of permanent insurance without proof of continued insurability. b. The insurance company is taking the added risk that they may have to continue coverage on the life insured at the end of the term even if his health has declined. c. Shamus will be guaranteed the right the policy at the end of the term. d. Insurance companies use the premiums paid to cover their expenses. They invest the premiums and use the investment income to offset expenses