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Since his spouse passed away three years ago, Bill has been the sole provider for his fifteen year old son, Chad. Bill earns a very
Since his spouse passed away three years ago, Bill has been the sole provider for his fifteen year old son, Chad. Bill earns a very modest income. He wants his son to have enough money to get through university and become independent by age of twenty five. What type of life insurance policy would be the best solution for Bill's situation? Select one: a, A 10 year term life insurance policy on Bill's life. b. A 10 year term joint first to die life insurance policy. c. A permanent life insurance policy on Bill's life. d. A 10 year term life insurance policy on Chad's life
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