Eric and Lisa are the proud parents of twin girls who have just turned two years old. The couple recently purchased their first home for $200,000. They describe the house as a starter home that will require a good deal of effort to renovate. Since they do not have much savings, they have a $150,000 mortgage on the house. Both Eric and Lisa work full-time. Eric is an auto mechanic, making $35,000 per year and Lisa is a teaching assistant making $30,000 per year. Given their current situation, what type of insurance plan will best help address their most critical risk? 

Term life insurance only on Eric's life

 Term life insurance only on Lisa's life

 Joint first-to-die term life insurance on both of them 

A) 1 and 2 only 

B) 1 and 3 only

 C) 3 only 

D) 1, 2 and 3 only

Answer rating: 100% (QA)

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