Larry has life, disability, and group health insurance through his employer. The life insurance policy will pay twice Larry's salary and double that amount if he dies an accidental death. The disability plan provides long-term coverage (until retirement) and has a 120-day waiting period. Larry pays for the disability premiums through a regular deduction from his pay cheque. The group health coverage covers 80% of standard dental work and prescription medication and provides limited coverage for things like glasses, chiropractic care, etc. As a result of the heavy physical labor early in his career, Larry's back sometimes gives him problems and he makes full use of the coverage. The Brauns are aware that this coverage will cease if Larry quits his job and returns to school.

If Larry terminates his employment, he will lose his group health plan. What would you recommend?