Jahinder, 52, is a farmer whose income varies significantly. He wants to bequeath the cottage, his second residence, to his children. The cottage consistently increases in value and he wants to cover the tax liability that will arise on his death as cost effectively as possible, with as much flexibility as possible. Which of the following would be the best option for achieving Jahinder's objectives?

a) Whole Life Non-Participating.

b) Term 100.

c) Universal Life.

d) Term 10 Renewable Convertible.

Answer rating: 100% (QA)

A Whole life non participating The premium for whole life insu... View the full answer