HLLQP life insurance

Emma is 55 year old years old and healthy. She owns a cottage by the lake that she would like to bequeath to her niece when she dies. She wants to ensure she has enough lif urance to cover the tax liability triggered by her death. The cottage's current value is $300,000 and its ACB is $100,000. It is assumed her marginal tax rate at death will be 40%. cause of the convenient location, Emma believes that the value of her cottage will increase on average by 3% each year. nich one of the following life insurance policies should Emma take to cover her tax liability? a. \\>$40.000 participating whole life policy with the paid-up additions (PUA) dividend option $300.000-term life insurance with a 20-year term $40,000 UL with a level death benefit d.$ 300.000 whole life policy