Jake and Vanessa have just completed divorce proceedings. The judgement orders Jake to pay $600 per month in child support to Vanessa for their two children for a period of twenty years. Jake's annual income is $250,000 and owns several rental properties. His marginal tax rate is 48%. The judgement also orders Jake to guarantee the support payments in the event of his death by purchasing life insurance. Which type of life insurance policy should Jake purchase? Select one: a. Whole life insurance with coverage of $250,000. b. Term 20 life insurance with coverage of $144,000. C. 4 Term life insurance to age 65, with coverage of $120,000. d. Term 20 life insurance with coverage of $120,000.