Lydia is a 50-year-old female, non-smoker, married with a daughter aged 10. Her annual gross income is $70,000. Has an existing mortgage of $420,000 with 12 more years of amortization. She has a $15,000 car loan and an $8,000 balance on her credit card. She wants insurance for her child if she passes away prematurely and the final expense. She would like permanent coverage. If possible. She has a limited budget but wants to ensure there is enough coverage for her 10-year-old child until she is no longer dependent on covering childcare and education funding and replaces her net income. If eliminating outstanding debts such as car loans, mortgages, and credit card loans is a priority, what would be a suitable solution for Lydia's financial objectives? A life pays to age 100 Whole Life Policy with PAID-UP Addition dividend option. A 10-year Critical Illness renewable and convertible. A Universal Life Policy with Increasing Death Benefit and Level Cost of Insurance. A Term Solution with a Convertibility option when debt is paid, and cash flow is available