Answer:
1. Modified Life
Explanation:
The Modified Life insurance policy in which we have to pay the less amount or low amount of premium for the starting year just like three or five years
According to the given situation, B bought the new car and it is paid for 4 years from now plus he also wants to buy a life insurance policy but he is financially unstable
So, in this case, the modified life or we can say the first option is appropriate as it contains the lowest premium amount
