Grayson, who is 50 years old, is considering two term life insurance policies. Both offer a $600,000 death benefit, but the premiums differ based on age and term length. Option 1: 10-year term life policy Monthly premium: $60 Coverage: 10 years Death benefit: $600,000 Option 2: 20-year term life policy Monthly premium: $90 Coverage: 20 years Death benefit: $600,000