Envision that you are the financial consultant for a group of five: a dad, a mother, and three small kids $($ages six, eight, and twelve$).$ Right now, just the mother, Song, is utilized and procuring a $$50,000$ yearly compensation, as the dad is incapacitated because of a car crash the year before. The Tune has likewise had some medical problems as of late, including heart illnesses. Luckily, they have about $$1\mathrm{.}5$ million in speculations, acquired from Hymn$\text{'}$s folks when they spent away quite a while back.

In this season of extraordinary vulnerability, Tune is looking for your recommendation regarding ensuring that her family will have satisfactory income from speculative resources in case she loses her employment because of her medical problem.

As her monetary consultant, she talks about the choices she has accessible concerning defending her speculation, limiting the support cost and the charges for the trusts, domains, and recipients, and having adequate cash to finance her kids' schooling.