Question
Marilyn is finalizing her divorce agreement, which requires her to maintain a life insurance policy with her daughter as beneficiary. The divorce settlement also specifies
Marilyn is finalizing her divorce agreement, which requires her to maintain a life insurance policy with her daughter as beneficiary. The divorce settlement also specifies that she is not entitled to any of her husband's retirement benefits, and this concerns her because she has not started a retirement plan of her own. Marilyn is a commission-based real estate agent, and there are some months in which money is tight, yet she is comfortable with taking some investment risk. She has come to you for help in choosing an insurance policy. Which one of the following types of insurance policies is best suited to her current financial situation?
A)Variable life insurance policy
B)Variable universal life insurance policy
C)Universal life insurance policy
D)Whole life insurance policy
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