A parent in his early thirties has determined that he needs about $1 million in additional life insurance. What would be the best way to meet this need?

a. one term life insurance policy

b. several level-premium term life insurance policies with differing face amounts

c. one cash-value life insurance policy

d. several cash-value life insurance policies with differing face amounts

Your approach to life insurance should be to

a. buy low and sell high.

b. buy now and pay later.

c. insure less and pay less.

d. buy term and invest the rest.