After the extended term life nonforfeiture option is chosen, the available insurance will be:

When the extended term life nonforfeiture option is chosen, the policyholder essentially opts to convert the cash value of their whole life insurance policy into a level term insurance policy for a specific period. This is an important feature in whole life insurance that allows the insured to forgo premium payments while still retaining coverage.

In this context, the selected option describes a scenario where the existing cash value is used to purchase a new term insurance policy, which provides coverage for a predetermined period of time at a level face value. This means that the death benefit remains constant during the term, offering financial protection to beneficiaries if the insured passes away within that timeframe.

The other options do not accurately reflect the nature of the extended term option. Whole life policies do not switch into a whole life format under this option. Similarly, variable universal life insurance involves different mechanics—allowing investment choices and flexible premiums—which is not applicable here. The concept of increasing term insurance does not align either, as the extended term option maintains the level benefit rather than increasing it over time.