Question: Question 5 (1 point) Derek and Meredith have been married for three years and have two children, aged four and six Derek and Meredith are

Question 5 (1 point) Derek and Meredith have been married for

Question 5 (1 point) Derek and Meredith have been married for three years and have two children, aged four and six Derek and Meredith are divorcing and Derek has been ordered to pay child support until the youngest reaches age 20. The court has specified his monthly obligation to be $2.000 What type of insurance provides the most cost-effective solution and how much insurance is needed? Dal 20-year term life insurance with coverage of $480,000 Ob) Whole life insurance with coverage of $600,000 Od Term-to-100 with coverage of $600,000 d) 25-year term life insurance with coverage of $480,000

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