Mr. & Mrs. Noel James purchased a house in 2015. One of the conditions of the loan arrangement was that $500,000 of life insurance coverage was required for both Noel and Helen James. At the time their two children, a boy and girl were 12 and 14 years old at the time. You are a financial advisor and you were asked to give some insurance advice to the couple. (a) Indicate the types of insurance products that you recommended they take out at the time to cover the mortgage, the childrens educational needs and any other type of risk that they express concern over. (3 marks) Also indicate why these products were recommended (3 marks)