Nath is a 23-year-old single male. He is in perfect health, and he has children. Which health insurance policy is best for him?
Policy 1 Policy 2 Policy 3 Policy 4
Term Term Whole Whole
Term or whole
Death benefit
Protection period
Cost per year
Convertible term
$200,000 $200,000 $200,000 $200,000
26 years 30 years
Life Life
$400 $420 $5000 $8000
No
Yes
Yes
No
Dividends
No
Yes
Yes
Yes
Proceeds paid to beneficiary
Yes
Yes
Yes
Yes

which one?
Policy 2
Policy 1
Policy 4
Policy 3