Daniel, age 51, is married and has three children, ages 4 and 6 and 9. He is considering the purchase of additional life insurance. He has the following financial goals and objectives: Pay off the mortgage on his home, which has 18 years remaining Accumulation of a sizeable retirement fund Payment of monthly income to the family if he should die Withdrawal of funds from the policy when the children reach college age Pay off the car loan Accumulate the amount needed for his funeral Required For each of the following life insurance policies, indicate which of the above financial goals, if any, could be met if the policy is purchased. Treat each policy separately. (a) Term insurance (b) Whole life insurance (c) Annuities