Brendan, a single father with sole custody of his two children, is seeking sufficient life insurance cover to provide for his children. At the moment he has no personal life insurance policies in place. Currently Brendan earns $95,000 p.a. and he has assessed that approximately 80% of this amount will be needed on an annual basis to support his children for 25 years. He would also like to provide an initial capital amount of $400,000 at the time of his death to cover funeral costs, clear the mortgage and money for education costs.

Including the case study facts in your answer, identify the types of personal life cover Brendan needs to consider for his insurance plan?