Heather is a single mother of 2 sons, Tyler (3) and Malcolm (5). As a dentist, Heather earns $125,000 annually. As the sole income earner for the family, Heather is considering buying disability insurance in order to receive an income replacement benefit should she experience a loss of income is she becomes disabled or ill and cannot work. Heather wants the policy to pay her benefits if she cannot perform her work and functions as a dentist. Heather also wants the policy to be guaranteed in terms od both premiums and benefits for the life of the contract, with the option of converting the policy at age 65. Which of the following disability insurance policies will BEST meet Heather’s objectives?
a). Any occupation, guaranteed renewablern
b). Own occupation, guaranteed renewablern
c). Any occupation, non-cancellablern
d). Own occupation, non cancellable