DeShawn is 38 years old and is married with 3 children, ages 2, 4, and 6. He makes $45,000 a year and is planning to retire when he turns 60. From the following three options, DeShawn decides to buy the $900,000 20 year term policy. Given DeShawn’s scenario, assess whether DeShawn made a wise decision.

a. DeShawn would be safer buying whole life policy.


b. DeShawn would have more money in the long run if he invested in the 20-year endowment.


c. DeShawn’s current policy will cover his family for an adequate period of time at his current salary.

d. DeShawn’s current policy has too high of a face value and does not cover his family long enough.