A client needs a substantial amount of protection but has limited financial resources. Which of the following insurance policies would BEST meet the client's needs?

The best policy for a client needing substantial protection with limited financial resources is term life insurance. Term life insurance provides a significant coverage amount at a relatively low premium compared to whole life or other permanent policies. This is because term life insurance is designed to provide coverage for a specific period (the "term") and does not include a cash value component, making it more affordable.

For clients looking for immediate, high levels of protection without the financial burden of high premiums, term life fits this need perfectly. It allows them to maintain financial security for their beneficiaries if they were to pass away during the term of the policy. This makes it a highly suitable option for individuals with limited income who want to ensure their loved ones are financially protected.

In contrast, adjustable life and whole life policies typically come with higher premiums due to their cash value components and permanent coverage, which may not suit a client with constrained financial resources. Limited-pay life also requires higher payments over a shorter duration, making it less feasible for someone needing affordability while still achieving significant coverage. Thus, term life insurance is the most sensible choice for such a situation.