Rob, aged $56,$ recently suffered a stroke, which prompted him to take an early retirement. He owns a $10-$year renewable terr life insurance policy $($acquired at age $46)$ that is coming up for renewal. Although Rob now has less to spend than before on premiums, he still wants to have life insurance coverage.What would be the most cost$-$effective solution for Rob? Replace his current policy with a non renewable policy.oProve his insurability to renew the current policy with a lower premiumPay the premiums on his current policy at the guaranteed renewal rate.Replace his current policy with another $10-$year renewable term policy.