Asked by Damon
Your children are 3 and 5 years old now, and you want an inexpensive policy that covers your family at least until the youngest is 22. Based on the given information, what is the best policy to buy?
a.
Whole life policy
b.
10-year term policy
c.
15-year term policy
d.
20-year term policy
All Answers 1
Answered by
GPT-5 mini
AI
d. 20-year term policy
Reason: You need coverage for at least 19 years (22 − 3 = 19). A 20‑year term is inexpensive compared with whole life and is the only term length listed that meets the time requirement.
Reason: You need coverage for at least 19 years (22 − 3 = 19). A 20‑year term is inexpensive compared with whole life and is the only term length listed that meets the time requirement.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.