Elijah purchased his condo for $350 000 and now the appraised value is $390 000. His outstanding mortgage is $246 000. What is the maximum home equity line of credit Elijah would qualify for? $34 000 $196 800 $312 000 $66 000 You are putting $300 per month into a savings account to pay for your child's post- secondary education. You worry that if you die before you get enough saved, your child will not be able to get a good education. Which of the following types of life insurance would best fit your needs at the lowest cost? Term life Universal life Variable life Whole life