Final answer:
Mihara likely has level term life insurance which provides a consistent coverage amount throughout the policy term.
Step-by-step explanation:
Mihara is likely to have level term life insurance.
Level term life insurance provides a consistent coverage amount throughout the policy term. It means that the death benefit paid out to the beneficiary remains the same, regardless of when the insured person passes away.
On the other hand, decreasing term life insurance offers a death benefit that decreases over time, usually used to cover a specific debt like a mortgage. Convertible term life insurance allows the policyholder to convert their term policy into a permanent policy, while renewable term life insurance gives the option to renew the policy at the end of the term without needing to provide further evidence of insurability.