Hi, I need some help with the last part of this assignment "basis for recommendations". Not sure how I should write it. I have attached a screenshot of the associated spreadsheet. Can you please help me with this part.

Scenario

Laura and John are married and are aged 33 and 36 years respectively.

Laura is a chemical engineer and works full-time and John is a freelance journalist.

Laura is 4 months pregnant with their first child and intends to take 6 to 12 months off work.

They have a balanced risk profile from an investment standpoint.

Laura earns a gross salary of $85,000 per annum and John currently earns income of $65,000 per annum. John's income fluctuates due to being a self-employed freelance journalist.

Laura and John own their own home valued at $750,000 and have an associated mortgage of $450,000.

John inherited a portfolio of shares from his grandmother valued at $110,000. He chose to set up a margin lending portfolio 2 years ago. His current margin loan is valued at $50,000 and his current share portfolio is valued at $218,000.

Laura has a car valued at $30,000 and has an associated loan of $22,000.

John and Laura have combined credit card debt of $8,500.

Laura has a superannuation balance of $80,000, which is invested in a balanced fund. Note, Laura has Life Insurance and TPD Insurance (Any Occupation definition) of $120,000 held within superannuation.

John has a superannuation balance of $65,000 which is invested in a balanced fund. John has Life Insurance and TPD Insurance (Any Occupation definition) of $180,000 held within superannuation.

Your tasks:

Laura and John come to you seeking scaled advice about their insurance needs in light of their changing circumstances (i.e. their forthcoming baby).

You are required to complete elements of an SOA for Laura and John covering your insurance recommendations. Please note, you are NOT required to research actual insurance companies for this project. Your task will involve:

Summarising the client's situation

Providing scaled advice covering the amounts of insurance required

Articulating the basis for your recommendations.

Part 1

You are to document Laura and John's "Current Situation" as part of the SOA documentation, using the tables below. Please add any additional notes, you believe may be relevant to their circumstances.