One of your financial planning clients, Renee Gardener, has requested your advice in relation to a package of life insurance. Renee is single, 28 years of old and works full- time as a nurse. Having accepted the general provisions of your recommendations, Renee would like more information as to whether it would be best for her to have premium payments based on a stepped or level basis. Assist Renee in relation to her query. (4 marks)