Which one of the following is true?

Section B (2 Mark)

Mrs. Sharma, a 40-year-old widow, has an 8-year-old son. Her current savings are not adequate to provide for her son’s post graduate studies, however she will be able to save for it by the time he finishes graduation i.e. when he is 20 years old. Mortality tables indicate that her life expectancy is another 30 years.

Which one of the following is true?
A . She needs to insure her life for 12 years
B . She does not need to insure her life
C . She needs to insure her life for 30 years
D . She needs to insure her son’s life for 30 years

Answer: A