Question
Case Study - Insurance Tom and Nancy Smith are married, with 2 children Nancy is 38, Tom 42 Both have active lifestyles They ski and
Case Study - Insurance
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
Case Study - Insurance
Answer the following questions:
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?
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