4. Shilpa is the sole proprietor of a fashion boutique that is managed successfully by her key employee, Ria who is a talented fashion designer Because the client base is growing exponentially, Shilpa obtained a demand loan of $ 200,000 for business purposes. Shilpa is married to Reynold who helps her with her business. Shilpa dies, and the ownership of the business will roll over to Reynold. Which of the following issues could be addressed with life insurance and should be discussed with Shilpa?

a Family interference and creditor demands

b. Family interference and loss of skills

c. Loss of skills and creditor demands

d. Capital gains tax and equality for family members

5. Kesla a single parent, has two daughters aged 4 and 6. Kesia indicates that she has the following needs that must be covered by life insurance.

• Mortgage outstanding of $ 200,000
• Children's education needs of $ 100,000
• Coverage to provide for children's dependency period
• Taxes to be paid upon her death (estimated at $ 150,000)
• Funeral expenses of $ 20,000

For which of the needs will Kesia need to obtain permanent Insurance coverage?

1. Coverage to provide for her children's dependency period, the taxes to be paid upon her death (estimated at $ 150,000 and her estimated funeral expenses of $20000.
2. Her outstanding mortgage of $ 200,000 and her children's education need of $ 100,000
3. The taxes to be paid upon her death (estimated at $ 150,000) and her estimated funeral expenses of $ 20,000
4. Her outstanding mortgage of $ 200,000, her children's education needs of $ 100,000, and coverage to provide for children's dependency