What provision can help keep a Whole Life policy in force if the premium payment is not made and there is sufficient cash value?

The correct answer highlights the significance of the automatic policy loan provision in whole life insurance. When a policyholder fails to make a premium payment, the automatic policy loan feature allows the insurance company to deduct the overdue premium from the cash value of the policy. This provision ensures that the policy remains in force despite the missed payment, as the cash value is utilized to cover the unpaid premium. This mechanism provides a level of protection for the policyholder, allowing them to maintain their coverage even during financially challenging times.

The other options, while relevant to whole life policies, do not specifically address the issue of keeping the policy active when premiums are unpaid. The grace period offers a buffer time for premium payments but does not directly utilize cash value to maintain coverage. The conversion option allows for changing policies but is unrelated to missed payments, and the cash surrender option refers to ending the policy for cash, which would not help in keeping the policy active. Thus, the automatic policy loan stands out as the most suitable solution for ensuring a whole life policy remains in force when premiums are not promptly paid.