Joel and Jenny, age 30, have a $500,000 mortgage which will be paid off in 20 years. This mortgage keeps their cash flow very tight. They also want to save $100,000 for the education for their newborn triplets. They both have stable and high income jobs. In the event of one death, they believe that they could survive on one salary as long as the mortgage and education was paid for. What type of insurance would be appropriate options for Joel and Jenny. 1. 20 year term 2. 3. term-to-100. 4. term to 65 10-year renewable term.