Which insurance policy is best?

Felix and Janet are a married couple in their mid$-$thirties who are planning to start a family. Janet works as a real estate agent and earns $$250,000$ a year, and Felix works as a dental assistant earning $$40,000$ a year. They would like to have two children and are looking to take out a life insurance policy that will provide lifelong coverage in the event of Janet$$s death. Given her established career, they do not expect much volatility in their future financial situation and prefer a plan that offers consistent premiums over a lifetime rather than one that offers more flexibility without the guarantee of future affordability.

Because it offers fixed future premiums, the best option for Janet is a life insurance policy.

Suppose, instead, Janet is uncertain as to whether she will want to continue working once she has children, and Felix is considering going back to school to become a pharmacy technician.

They still want a plan that serves as a savings vehicle, but given the uncertainty of their future finances, they might be better off choosing a life insurance.