Insurance Information Health Insurance The entire family is covered under the ABC Company health insurance plan. The Peytons currently pay $200 per month for the employer-provided major medical plan. The deductible is $500 per person up to a maximum of three persons. The policy contains a stop-loss limit of $5,000 per year and an 80/20 coinsurance provision. Disability Insurance Archic has a personally owned disability insurance policy that covers accident and sicknes and has an own occupation definition with a 180 -day elimination period. The policy pays monthly benefits of 60% of current gross income until Archic reaches age 65 . Case 7 I Arctic and Elaine Peyson 103 STATEMENT OF FINANCIAL POSITION Whes ire oned at far muknt value Tretrobing atooant is a noninterest bearing account. Wexdatelfind Wher iot b cumnely invested in CDs at a local bank. thit frighations Q= fient property Information Regarding Assets and Liahin. investment income House Boat The boat is a 90 -horsepower fiehing boat that was originally bought for $10,000 and is owned outright, Calculate the value of Archie's probate assets were he to die today. Assume that Elaine is the designated beneficiary of his retirement plan account and IRA. Also assume that the value of his boat has changed to $5,244 since the financial statement