Steven's grandmother bought a whole life policy for $50,000 on Paul when he was a baby. She died when he was 28. Two months later, he received a letter from the insurance company informing him that he had a policy in-force with them in the amount of $31,624 and no further payments were due or required. What action did the insurance company take?

a) Increased the premium
b) Decreased the coverage
c) Lapsed the policy
d) Maintained the policy in-force