CALCULATE: Shannon just graduated from college and is starting a new job. Shes taking advantage of an opportunity with a small start-up company that does not have any employee benefits. Shannon isnt too concerned about the lack of group insurance because shes not sure she even needs life insurance. Would you advise Shannon to obtain life insurance? If so, which type of life insurance is appropriate for her and why? 5. Brents daughter, Caroline, recently got her drivers license. Brent usually lends his car to Caroline on the weekends. One weekend, Caroline was involved in a terrible accident when she slammed into oncoming traffic, critically injuring several passengers in two other cars. Caroline, however, escaped without serious injury. Though Caroline is covered under Brents auto insurance policy, he is concerned that his coverage will fall far short of his ultimate liability. Explain how Brent could have obtained far greater coverage than his auto insurance provides and protected himself against a catastrophic loss. 6. Calculating the Cost of Lifes Financial Journey: Cheyenne and Scott Timberlake have been married for 20 years. They are excited because over that time they have managed to save $350,000. Right now, the entire amount is spread out among four bank accounts. Unfortunately, Cheyenne and Scott are not making much interest on their savings. They know that they need to be proactive in making their money work for them. As such, they have decided to hire a financial professional to help manager their money in a more effective way. After searching the marketplace and interviewing several potential financial professionals, they have narrowed their choice to the following three individuals.