3. Choosing policies based on circumstances Which insurance policy is best? Lorenzo and Neha are a married couple in their mid-thirties who are planning to start a family. Neha works as a real estate agent and earns $250,000 a year, and Lorenzo works as a dental assistant earning $40,000 a year. They would like to have two children and are looking to take out a life Insurance policy that will provide lifelong coverage in the event of Neha's death. Given her established career, they do not expect much volatility in their future financial situation and prefer a plan that offers consistent prerniums over a lifetime rather than one that offers more flexibility without the guarantee of future affordability Because It offers fixed future premiums, the best option for Neha is a life insurance policy Suppose, Instead, Neha is uncertain as to whether she will want to co term school to become a pharmacy technician whole ng once she has children, and Lorenzo is considering going back to V They still want a plan that serves as a savings vehide, but given the Tife insurance universal their future finances, they might be better off choosing a 8. Choosing policies based on circumstances Which insurance policy is best? Lorenzo and Neha are a married couple in their mid-thirties who are planning to start a family. Neha works as a real estate agent and earns $250,000 a year, and Lorenzo works as a dental assistant earning $40,000 a year. They would like to have two children and are looking to take out a life insurance policy that will provide lifelong coverage in the event of Neha's death. Given her established career, they do not expect much volatility in their future financial situation and prefer a plan that offers consistent premiums over a lifetime rather than one that offers more flexibility without the guarantee of future affordability Because it offers fixed future premiums, the best option for Neha is a life insurance policy. whole tead, Neha is uncertain as to whether she will want to continue working once she has children, and Lorenzo is considering going back to fome a pharmacy technician term universal Int a plan that serves as a savings vehicle, but given the uncertainty of their future finances, they might be better off choosing a life insurance