You're 35 years old now, and you want to purchase life insurance which will cover your spouse for your lost income in the event of your death. You want this policy to last until what would be your normal retirement age of 65. Based on the given information, what is the best policy to buy?

You need coverage from age 35 until age 65, which is 30 years. A 30-year term policy provides coverage for that period and is designed to cover a specific need for a set length of time. Therefore, the best choice is the 30-year term policy.

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