Antonin and Magali are common$-$law partners in their thirties. They have two children together: a five$-$year$-$old daughter and a two$-$year$-$old son. Divorced

from ex$-$wife Vanina, Antonin must pay her $$1,500$ a month in child support until their $10-$year$-$old son reaches $25$ years of age. Antonin is covered under

a group life insurance policy equal to one year of his $$75,000$ annual salary. Magali does not currently earn any income, as she takes care of their two

children full$-$time. Antonin is the sole owner of their residence, which will be fully paid off in $25$ years.

What life insurance coverage do Antonin and Magali need in their situation?

Permanent coverage to replace Antonin's income.

Permanent coverage to replace Antonin's income and $15-$year term coverage to support the child from his previous relationship.

Mortgage payment coverage, term$-$to$-$age $65$ coverage to replace Antonin's income and $15-$year term coverage to support the child from his previous relationship.

Mortgage payment coverage, group insurance coverage equal to twice Antonin's annual salary and $15-$year term coverage to support the child from his previous

relationship.