Jocelyn and Jeannine recently divorced. The divorce judgment orders Jocelyn to pay $$600$ per month in child support to Jeannine to support their two children for a period of $20$ years after the divorce.

The judgment also orders Jocelyn to guarantee payment of said support in the event of his death by means of life insurance. Jocelyn earns $$250,000$ per year and has several rental buildings. His marginal tax rate is $48\%.$

Which type of insurance policy should Jocelyn buy?

$$Whole life insurance of $$250,000.$

$$Term insurance to age $65$ of $$120,000.$

$$T$-20$ insurance of $$144,000.$

$$T$-20$ insurance of $$120,000.$