Question: Colby, age 2 9 , is married and has two children. Colby is concerned about providing for his family if he dies. He is concerned

Colby, age 29, is married and has two children. Colby is concerned about providing for his family if he dies. He is concerned about the long-term affordability of life insurance, but is able to budget a fixed amount for a period of time. Which of the following policies would you recommend?
Group of answer choices
Annually renewable term
Single premium annuity
Whole life
Level premium term

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