Life Situation	Financial Data
Pam, 36 Josh, 38 Three children, ages 9, 7 and 4	Monthly income $4,300 Living expenses $4,075 Assets $50,850 Liabilities $99,520
The Brocks are assessing their health insurance coverages. Since Josh's current employer offers him only 30 days of sick leave, they need to consider this factor when assessing disability insurance plans. Since Pam's work activities have varied, the family is dependent on Josh's health insurance. In recent weeks, his company is considering several types of plans. These alternatives include traditional health insurance programs and HMOs, with a wide variety of coverage and cost differences. Both Pam and Josh Brock are pleased with their lives and various family activities. They now have three children, are enjoying their home, and are more financially secure than six years ago. Yet the Brocks still have financial needs they must address. Several changes have affected their financial planning. The value of their home has increased due to inflation and home improvements. They have purchased a used car to meet additional transportation needs. These situations must be considered in relation to insurance needs for the Brock household. Questions Q1. When considering disability income insurance, what length of waiting period and duration of benefits should the Brocks consider? Q2. What types of health insurance coverages would be recommended for the Brocks? Q3. How should the Brocks determine whether they have enough insurance coverage for their home? Q4. What factors should the Brocks consider in deciding whether to purchase collision insurance coverage for their used car?