Questions: A producer is helping a married couple determine the financial needs of their children in the event one or both should die prematurely. This is a personal use of life insurance known as A. Survivor protection. B. Life planning. C. Juvenile protection provision. D. Survivorship insurance.

The answer is A: Survivor protection.

Explanation for each option:

A. Survivor protection: This is the correct answer. Survivor protection refers to the use of life insurance to provide financial security for the beneficiaries, such as children, in the event of the policyholder's death. It ensures that the financial needs of the survivors are met.

B. Life planning: This term generally refers to the broader process of planning for various life events and financial needs, not specifically related to life insurance for survivor protection.

C. Juvenile protection provision: This term is not commonly used in the context of life insurance for providing financial security to children in the event of a parent's death. It might refer to specific provisions for insuring children, but not the scenario described.

D. Survivorship insurance: This typically refers to a type of life insurance policy that covers two people, usually a married couple, and pays out upon the death of the second insured person. It is not specifically about providing for children's financial needs if one or both parents die prematurely.

In summary, the correct term for the personal use of life insurance to ensure financial security for children in the event of a parent's premature death is "Survivor protection."