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. Annual life insurance premium (per 1,000 dollars of face value) for age 38. A 20-year term for male is 15 dollars and 38 cents, and for female is 14 dollars and 88 cents. Whole life: for male is 22 dollars and 40 cents, female is 20 dollars and 4 cents. 20-year endowment: male is 30 dollars and 5 cents and female is 29 dollars and 63 cents. 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.