John Snow is applying for a renewable$-$and$-$convertible $($R&C$)20-$year term insurance with a face amount of $$200,000.$ He has a family history of hypertension and related heart problems. Which of the following statements is false about the policy he is in the process of purchasing?Select one:a$.$The insurer will increase his premium every year, based on the probability of death in that year. b$.$The premium is level for $20$ years. If he renews the policy, the premium will increaseC.The insurer might issue him a rated policy.dThe cost of insurance or mortality cost increases every year, as this is the death benefit multiplied by the probability of death in that year.