Barbara Wilson is 65 years old and newly widowed (two years ago). As a result of poor estate planning and her husband’s untimely death, her taxable estate has been left with substantial assets and estate tax exposure. Her advisers have recommended an intentionally defective grantor trust to hold life insurance in order to provide the necessary liquidity at her death. Barbara comes from a long-lived family, and as a matter of fact, her mother is still alive. She has concerns about making premium payments “forever” and would like some type of a guaranteed premium.

Which of the following life insurance products is best suited to Barbara’s facts and circumstances?

A. 20-year level term.

B. 10-year level term.

C. Limited-payment whole life.

D. Whole life.