Which of the following statements about nonforfeiture options found in life insurance policies is true?

a) under the reduced paid-up insurance option , the paid-up policy is term insurance

b) under the extended term option, the amount of term insurance is less than the face value of the surrendered cash value policy

c) under the reduced paid -up insurance option , no additional premiums must be paid

d) unless the policyowner has selected another nonforfeiture option , the cash value option goes into effect automatically