Tect Question 25 0/2 pts Which of the following statements concerning the level premium method of buying permanent life insurance is (are) correct? 1. In the carly years, the premium payer is paying more than the annual pro rata mortality cost for the members of the group, 2. The investment income earned on the policy's cash value helps to keep the annual premium low in the later years 3. Since the annual increase in the policy's cash value attributable to investment income is not currently included in the policy owner's gross income for tax purposes, part of the premium is really paid by Uncle Sam. 2 Only and 1 and 3 1.2 and