Kim wants to make sure that at death Chris will have sufficient assets to pay off all household debts (i.e., student loans) and to continue to receive income into the future. Based on the human life value approach to life insurance needs estimation, how much life insurance does Kim need, assuming that (a) Chris will need income for 30 years and (b) Chris can earn a 6% rate of return when investing the insurance proceeds?

Based on the information above, Kim should purchase a_______ to ensure Chris will be taken care of in the event of her untimely death.

A. Roth IRA

B. Whole Life Policy

C. 30-Year Term Life Insurance