23) Cassie, age 42, uses the needs approach to determine the amount of life insurance to
purchase. Her analysis suggests she needs a $500,000 life insurance policy. Cassie wants a
whole life policy but is worried she may not be able to afford the premiums. Cassie's best
alternative to a $500,000 whole life policy is to
A) purchase a whole life policy she can afford with a lower face value
B) purchase a $250,000 whole life policy with a double indemnity rider
C) purchase a $500,000 convertible term policy
D) purchase a $500,000 renewable term policy
