Which of the following statements INCORRECTLY explains a stepped premium life insurance policy? Select one: a. Stepped premiums generally increase with the age of the insured. b. During the early years, stepped premiums will be considerably cheaper than level premiums. c. Surplus premiums in early years of a stepped premium policy are invested and used to supplement premiums in future years. d. Over the life of a long-term policy, a stepped premium policy has a higher total insurance premium than an equivalent level premium policy. e. All of the specific statements are correct