Jeff and Ann are both 28 years old. They have been married for three years, and have a son who is almost two, and will be expecting their second child in a few months.

Jeff is a bank teller in a local bank while Ann is a housewife. Jeff has just received a RM60-per-week pay raise. Currently, his income is RM 960 per week, which, after tax, leaves him with RM 3,200 a month. His company provides group life insurance plan, medical/hospital/surgical plan, and major medical plan. All of these group plans will protect him as long as he works with the bank.

However, most of the protections are only basic, which serve as foundation for Jeff and Ann to build on. For example, SOCSO payment to Ann would only be approximately RM 1,550 per month if Jeff died leaving two children under the age of 18. Yet, the family's total expenses would

soon be higher after the birth of the second baby.

As a financial adviser, if you were to recommend a policy to Jeff and Ann, what type of policy would you suggest? Why?