Marian, age 45, estimates that she needs to buy $300,000 in life insurance to protect her dependent

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Marian, age 45, estimates that she needs to buy $300,000 in life insurance to protect her dependent children from suffering adverse financial consequences in case of her death. As a single parent, she’s on a pretty tight budget. Would term or permanent insurance be more appropriate to meet her needs right now? Explain.

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