Question

Your children are 3 and 5 years old now, and you want an inexpensive policy that covers your family at least until the youngest is 22. Based on the given information, what is the best policy to buy?

a.
Whole life policy
b.
10-year term policy
c.
15-year term policy
d.
20-year term policy

Answer 1

[AI-generated answer — Bot GPT 3.5]

The best policy to buy in this case would be the 20-year term policy. This policy will provide coverage for the family for at least 20 years, which is longer than the desired coverage until the youngest is 22.

Answer 2

[AI-generated answer — Step-by-Step Bot]

Based on the given information, the best policy to buy would be the 20-year term policy. This is because it will provide coverage for the family until the youngest child is 22 years old, which meets the desired coverage period.