Multi-select problem: How does the next paragraph end?

How to borrow from your life insurance policy
Check to see which kind of life insurance policy you have.
Not all life insurance policies allow you to borrow against them, so you need to find out the type of policy you own. The most common types of life insurance policies are :
Permanent life policies.

Available options: [I] These cover your life during a certain time period, such as five years (in most cases five years works for 2). Even though these covers your entire life, you might need more time for personal care decisions. [II] This goes by a variety of names, so you should write down the name of each policy before you buy one. However, the most commonly known name of a life insurance policy is called " travel life. [III] These policies have a savings element along with the mortality coverage, and that is why you can borrow from them. This category can be broken down into: whole life insurance. [IV] These are usually projected to last four years while staying in the home, plus two years of homeowner's or renter's insurance if you live in a bigger house. These are generally tax deductible but can cover long term expenses such as food and proper maintenance.
[III]