Which situation describes a temporary insurance need?

The situation that describes a temporary insurance need is the one related to providing for children's education in the future. This is considered temporary because it pertains to a specific period during which children are likely to need financial support for their education, typically until they reach a certain age or complete their schooling. Once the education is funded and the children have graduated, the need for that specific financial support diminishes or ceases altogether.

In contrast, ongoing financial support for aging parents, ensuring lifetime income for a spouse, and funding a trust for future generations are all considered more permanent or long-term needs. These situations involve commitments or obligations that may last a lifetime or extend beyond it, necessitating insurance solutions that provide continuous coverage over an extended period rather than just for a defined, limited timeframe.