Terrell is the insured under a $100,000 whole life insurance policy. Terrells planner has recommended that the policy be replaced with a new $100,000 universal life policy on Terrell. If this replacement takes place, which of the following will result?

Terrells new policy will cover suicide immediately.

Terrells new policy will be incontestable immediately.

Terrells new policy will not require underwriting.

Terrells new policys premium will be based on his attained age.