Fools Attempts 1-81-LApter Problems Planning for Health Care Expenses Keep the Highest/3 5. Financial planning case 11-4 eBook Financial Planning Cases 11-4 A New Employee Ponders Disability Insurance Charles Napier of Barstow, California, recently took a new job as a manufacturer's representative for an aluminum castings company, While looking over his employee benefits materials, he discovered that his employer would provide 10 sick days per year, and he can accumulate these to a maximum of 60 sick days if any go unused in a given year. In addition, Charles' employer provides a $3,100-per-month, short-term, one-year total disability policy. When he talked with the human resources office, Charles found that he might qualify for $1,000 per month in local Security disability benefits if he became unable to work. Charles ears a base salary of $5,000 per month and expects to earn about $40,000 in commissions, for an average after tax income of $7,400 per month. Alter considering this information, Charles became understandably concerned that a disability might destroy his financial future. Round your answers to the nearest dec a. What is the level of Charles' short-term, one-year disabdity insurance needs? b. What is the level of Charles long-term disability insurance needs? c. Help Charles select from among the important disability insurance policy provisions to design a disablity insurance program tailored to his needs The input in the box below will not be graded, but may be reviewed and considered by your instructor