Simon, who is $48,$ recently inherited $$250,000$ when his father died. Simon

works in the construction industry and experiences frequent periods of

unemployment. He has always hesitated to buy life insurance for fear of not

being able to pay the premiums when unemployed. He wonders whether

some of the inheritance he received might enable him to buy life insurance

without having to concern himself with steady premium payments.

What solution would best suit him?

Whole life with $20$ payments.

Whole life to age $65.$

Whole life to age $100.$

Whole life with a single premium.