Alyssa and Greg have been married for 8 years. They have twin boys and a girl ages 3 and 5. Alyssa is a hair stylist and Greg is a line cook. They rent an apartment in Brantford and commute to work in Toronto. They spend all they earn and are unable to get ahead of the game and save because the kids and life are all very expensive! They do not have any benefits provided through their work and do not have any family in Canada.

Alyssa was able to pick up extra work as a babysitter on the side and earns cash. Greg is always trying to think of business ideas to get something going. He has experience in tech but his schooling doesnt translate in the same manner here. They dont have enough money for him to be able to go back to school to equate his education. He is trying to get some freelance work but it has not been too successful yet.

The kids are cared for at home for the most part since Alyssa and Greg have different work schedules. The neighbor helps as well. This is what Alyssas cash earnings are being used for.

They dont have any health issues but they surely do not feel great since all they are doing is commuting and working and taking care of kids. They have no time and energy to care for themselves and eat fast food often since it is cheap and convenient. This is leading to some weight gain.

Required for each of the family scenarios below:

Discuss the need for various types of insurance or use of other financial planning programs discussed in the course.

Explain whether they would benefit from having various coverages or programs or any changes to their existing coverage. Include your rationale.

For life insurance discussions, indicate how you would estimate the coverage amount needed (words only, no calculations) and what type of life insurance would be best suited for their situation.

What additional specific questions or specific details would you need from the client to provide recommendations?