Which of the following statements are correct? ( 2 marks)

1. Each $1,000 of NAAR (Net Amount At Risk) costs less in Version 1 than in Version 2
2. The investment rate of return is lower in Version 2 compared to Version 1
3. The NAAR is decreasing in Version 1, so the amount deducted from the Fund Value each month is lower than in Version 2 which leaves more to be invested
4. In Version 2, the Fund Values decrease in the later years because the deposits plus the investment return is not enough to cover the mortality costs and administration fees

	A.	All are correct
	B.	1 and 3
	C.	1, 2 and 4
	D.	3 and 4