brittany is 26 with two young children and is the primary earner in her family. she needs at least a half…

brittany is 26 with two young children and is the primary earner in her family. she needs at least a half - million dollars in life insurance coverage but can spend only about $500 per year in premiums. what type of life insurance would you advise her to get? a. term life insurance b. cash value life insurance c. no life insurance is needed d. both cash value and term insurance

brittany is 26 with two young children and is the primary earner in her family. she needs at least a half - million dollars in life insurance coverage but can spend only about $500 per year in premiums. what type of life insurance would you advise her to get? a. term life insurance b. cash value life insurance c. no life insurance is needed d. both cash value and term insurance

Answer

Brief Explanations:

Brittany is young, has a family - dependent need for life - insurance coverage, and has a limited budget. Term life insurance provides a high amount of coverage for a specific period at a relatively low cost, which suits her situation as she needs a large amount of coverage ($1 million) but can only afford $100 per year in premiums. Cash - value life insurance is more expensive and not necessary for her immediate need of providing for her family in case of her death.

Answer:

A. Term life insurance