(Answered) Marge plans to purchase a 100000 term life policy the

Finance

Marge plans to purchase a $100,000 term life policy. The policy structure with the least expensive first year premium under the following term life options would be:

Select one:

a. Decreasing 30 year term

b. 20 year level term

c. Annual renewable term

d. 5 year level term

Please explain why you chose the answer or provide a source.

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