: 1-What are the Major Risks Tom and Nancy face? 2-What different insurance products do they need? 3-How much insurance should they carry? 4-If Life Insurance is recommended, what policy value?

Question:Tom and Nancy Smith are married, with 2 children Nancy is 38, Tom 42 Both have active lifestyles They ski and snowmobile in the winter

Their children, Emily and Brian, are 6 and 8 respectively

Nancy is a CPA at a local accounting firm ($150K annual salary) Hank teaches at the local high school ($85K)

Assets Three bedroom home worth $500K

Two SUVs Snowmobiles Case Study - Insurance Long Term Goals for the Smiths. Income Replacement in case of the death of either Tom or Nancy College for their children Retirement Income is covered by Tom and Nancy's Employment