Ross is the sole owner of a waterfront cottage in Muskoka. He acquired it many years ago for $100,000 and it is now worth $700,000 and its value rises each year. Ross would like his daughter Lillian to receive the cottage, and he wants enough life insurance to cover the tax on the capital gain of the cottage on his death. Which type of life insurance would be most suitable for Ross? Ross is the sole owner of a waterfront cottage in Muskoka. He acquired it many years ago for $100,000 and it is now worth $700,000 and its value rises each year. Ross would like his daughter Lillian to receive the cottage, and he wants enough life insurance to cover the tax on the capital gain of the cottage on his death. Which type of life insurance would be most suitable for Ross? Universal Life Term to 100 Yearly Renewable Term Non-Participating whole life