Karen Is a Young, Single Parent Who Realizes the Need

Multiple Choice

Karen is a young, single parent who realizes the need for life insurance. Unfortunately, she is struggling with budgeting because she is still in a low-paying job and supporting a young son. Which of the following policies would be the best choice given the duration of the need, the amount of the need and the cash flow situation?

A) Endowment life policy
B) Level premium whole life policy
C) Universal life policy
D) Variable life policy
E) 10-year renewable term policy