Stephan, age 35, is a single dad and would like to purchase life insurance to ensure his daughter, age 8, would be cared for if he passes. Stephan is currently on a fairly tight budget but expects to make partner at his firm within the next 5 years, which would increase his cash flow. Although his main objective is to ensure his daughter is cared for until she reaches at least age 18, he also would like the option to continue the coverage to use for estate planning once he makes partner and his cash flow improves. Considering Stephan’s stated objectives and current situation, which of the following options is MOST suitable?

a) Term-100

b) 10 year re-entry term

c) 10 year increasing term

d) 10 year convertible term