8. Choosing policles based on circumstances Which Insurance policy is best? Jacques and Kyoko are a young couple with two children, ages 2 and 3. Jacques is in law school and currently has $80,000 in student loan debt. Kyoko works part-time at a software company earning $42,000 a year. Their current financial resources are limited; therefore, the savings components associated with some insurance policies would not be of much use to them at the moment (since their first priority is paying off loans). Jacques expects to provide for his family as a lawyer in the future, however, and wants to ensure that they will be taken care of in the event of his premature death. Because of the relatively low premiums and high face value, the best option for facques is a life insurance policy. After completing law school, Jacques finds a job with a good law firm and wants to switch to a plan that provides a savings component as well. He can achleve this without changing insurance companies as long as his original policy included a provision. works part-time at a software company earning $42,000 a year. Their current financial resol ted; therefore, the savings associated with some insurance policles would not be of much use to them at the moment (: st priority is paying off loans expects to provide for his family as a lawyer in the future, however, and wants to ensure tha : taken care of in the event death. Because of the relatively low premiums and high face value, the best option for Jacques is a life insurance policy. Because of the relatively low premiums and high face value, the best option for Jacques is a After completing law school, Jacques finds a job with a good law firm and wants to switch to a plar He can achieve this without changing insurance companies as long as his original policy included a provision