David aged 35 is married and has 1 children. His wife, Jenny aged 30, is a housewife but attends college part-time pursuing a law degree. While their daughter is 5 years old, the couple is planning to have a baby in the coming 2 years.

David and Jenny owned a flat (worth HK$3 million) in city. When they buy the house, they have only paid HK$1 million as down payment. There is a mortgage outstanding with HSBC. The house was well decorated with all the furniture is new.

David has been suffering from Diabetes for 5 years while Jenny is pretty healthy. But David's father was died from Cancer that makes David very worry on her own. Their daughter is also very healthy too.

David is one of the partners in Excel Limited (the Company) is both a manufacturer and exporter ofwooden furniture to U.S. & U.K. Its assembling factory is located both in Hong Kong and Dongguan. Because of the job nature, he needs to travel frequently for business trip. In the next year, there will be an extension of the Dongguan factory which will be around half of the size of the existing factory.

1. Being the Insurance Agent of the family, you are required to explain to the family with a report which analyzes all possible kinds of risk to which the family may be exposed.

2. Specifically, you should state which of these risks are insurable under normal circumstances, the relevant types of insurance products, and why they are suitable.

3. Will your suggestions be affected after 30 years when Peter will retire?

-Please answer with step and examples with around 2000 words.