An insured had her life insurance policy lapse due to nonpayment of premium and wants to have the policy reinstated. WHICH of these statements is accurate regarding reinstatement? a) Only term insurance policies allow reinstatement within three years of the lapse date and all back premiums must be paid to the insurer b) Reinstatements must be requested within five years of the lapse and all outstanding policy loans must be paid back c) It must be requested within three years of the lapse, and if approved, the premiums for the lapsed period must be paid d) Any reinstatement requires health proof and must be requested within one year of the lapse