In what scenarios would the Non-Participating Policy option be selected?

The Non-Participating Policy option is chosen primarily by policyholders who prefer lower premiums and are not interested in receiving dividends. This type of policy is structured so that the insurer does not share its profits with policyholders, thus leading to lower premium costs. Since these policies do not participate in profit-sharing, policyholders can expect consistently lower premiums without the potential volatility associated with dividends.

In contrast, the other scenarios do not align with the characteristics or benefits of non-participating policies. For instance, selecting a non-participating policy does not provide the higher benefits associated with higher premiums or the additional savings component that might come with other types of policies. Similarly, investing in stock markets aligns more with investment-type policies, which is not applicable here. Thus, the choice centers around the desire for lower costs without the additional features or complexities that dividends or savings components might introduce.