Melissa and her husband Herb are in their early 40s. Each is employed and has a good income. An analysis of their financial situation shows that their current life insurance would enable the other to live adequately if one of them should die prematurely. However, there is one gap that they need to fill in case one or both of them die within the next 12 years. It is how to finance their children's college education. The children should all graduate from college within this 12-year period.Which one of the following products will best address this concern?

Melissa and her husband Herb are in their early 40s. Each is employed and has a good income. An analysis of their financial situation shows that their current life insurance would enable the other to live adequately if one of them should die prematurely. However, there is one gap that they need to fill in case one or both of them die within the next 12 years. It is how to finance their children's college education. The children should all graduate from college within this 12-year period.Which one of the following products will best address this concern?



A. A Roth IRA


B. An annuity


C. A term life insurance policy


D. A universal life insurance policy



Answer: C

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