Question 6 Jennifer is a single mother, with a child who is dependent (5 years old). She has significant income and is a higher rate taxpayer. Her employer does not offer death- in-service benefits and she cannot effectively self-insure. She is currently seeking advice on a restricted (product) basis as she knows she needs some life-insurance. Required: a. With regards to the client advice cycle, what is the most important starting point for Jennifer and her advisor. (5 Marks) b. Explain the following terms in relation to insurance products, and specify how these are relevant to Jennifer's choice of product: (Detail any assumptions made about Jennifer's priorities.) i. Term Assurance ii. Whole-of-Life Insurance (5 Marks) (5 Marks) TOTAL 15 MARKS