Tim is considering purchasing a $500,000 life insurance policy. Tim is a 26-year-old single male with perfect health and no children Which statements about Tim's options are accurate? Select all that apply. Policy A Policy B Policy Policy D Term or whole Term Term Whole Whole Death benefit $500,000 $500,000 $500,000 $500,000 Protection period 15 years 20 years Life Life Cost per year $500 $504 $8000 $9200 Proceeds paid to beneficiaries Yes Yes Yes Convertible term No Yes No Yes Dividends No Yes Yes Yes Yes Policy C is the best option because it is the cheapest whole life policy. Policy A is the best option because it does not pay dividends. Term life insurance is the best option because of Tint's age. Policy B is the best option because the term is convertible. Whole life insurance is the best option because of Tim's age, Policy D is the best option because the term is convertible