please post the questions in correlation woth amswers...or post amswers in the forreft order

Sharon, age 28, is a single parent who earns $50,000 annually as a secretary at a local unlversity. She is the sole support of her son, age 3 . Sharon is concerned about the financial well-being of her son if she were to die. Although she funds it difficult to save, she would like to start a saving program to send her son to collegc. She is currently renting an apartment but would like to own a home someday. A friend has told her that life insurance might be useful in her present situation. Assume you are a financial planner who is asked to make recommendations concerning the type of life insurance that Sharon should buy. The following types of life insurance policies are available: - Five-year renewable and convertible term - Ordinary life insurance - Universal life insurance a. Which of these policies would best meet the need for protection of Sharon's son if she were to die prematurely? Explain your answer. b. Which of these policies best meets the need to accumulate a college fund for Sharon's son? Why? c. Which of these policies best meets the need to accumulate money for a down payment on a home? Why? d. What major obstacle does Sharon face if she tries to meet all of her financial needs by purchasing cash-value life insurance