Daryl just took out a substantial bank loan. The amortization of the loan will have Daryl paying $$20,000$ each year for the next $10$ years. Daryl wants to purchase, at the lowest possible cost, a term insurance product for the sole purpose of covering the bank loan in the event of his untimely death.

Which of the following term products would best suit Daryl's purpose?

$$A $5-$year term non$-$renewable policy with a level death benefit.

$$A $10-$year term renewable and convertible policy with a level death benefit and a GIB rider.

$$A $10-$year term policy with an increasing death benefit.

$$A $10-$year term policy with a decreasing death benefit.