Paragraph Styles 7. What would be the best way for Adam to provide for the potential tax liability arising from ownership of the cottage? (A) Purchase a $350,000 term life insurance policy with an increasing death benefit factor of 5%. (B) Purchase a $50,000 term life insurance policy with an increasing death benefit factor of 4%. (C) Purchase a $264,700 whole life insurance policy with a guaranteed insurability option. (D) Purchase a $100,000 universal life insurance policy with an indexed death benefit