Neil (age 54) and Kelly (age 50) have two children, ages 8 and 11. Neil is the family breadwinner and has a life insurance policy which names Kelly as his beneficiary. If Neil dies today, how long would the resulting "dependency period" be for Kelly? 8 years 10 years 15 years 7 years Phil (age 50) and Vicki (age 48) have two children ages 9 and 12. Vicki is the family breadwinner and has a life insurance policy which names Phil as her beneficiary. She also qualifies for Social Security survivor benefits in the event of her death. If Vicki dies today, how long would the resulting "blackout period" be for Phil? 4 years 3 years 12 years 4 10 years 7 years Other things being equal, which of the following methods of paying premiums would require the greatest first-year premium? yearly renewable term O continuous premium life O single premium payment limited payment life