Logan and Merissa have been married for twelve years and have a daughter eight years old. They are now divorcing. Merissa has been ordered to pay child support until their daughter reaches the age of twenty$-$five. The court has specified her monthly payment to be $$1,500.$ What type of insurance provides the most cost$-$effective solution and how much insurance is required? Select one: $25-$year term life with coverage of $$306,000$ Term to $100$ with coverage of $$450,00020-$year term life with coverage of $$306,000$Whole life insurance with coverage of $$450,000$