11. Eric and Barbara have enjoyed successful careers and have accumulated assets which will create significant income tax liabilities when they die. They are each others beneficiaries for all of their individual taxable assets. Which of the following life insurance arrangements would be most beneficial to Eric and Barbaras estate planning for their 2 adult children.

Select one:

a. $500,000 10 year R&C to 70 on each of their lives

b. $500,000 Joint Last to Die, Term-to-100 policy on Eric and Barbaras life

c. $500,000 level death benefit plus account value on Barbaras life

d. $500,000 par Whole Life with paid up additions on Erics life