Michael, age $35,$ is a working single dad with a $6-$year$-$old son. He also had retired mother as a dependent $($Suppose that parents can be added as insurance dependents$).$ Michael needs to decide among choices of insurance. Here are his family's needs

$\backslash$table$[[,$Michael,His son,His mother$],[$Health insurance,Must have,Must have,Must have$],[$Dental insurance,Must have,Must have,Must have$],[$Life insurance,Must have,No$,$Optional$],[$Long$-$term care insurance,Optional,No$,$Must have$],[$Disability income insurance,Optional,No$,$No$]]$

Other notes:

He wants to have enough in his life insurance policy to make sure that in the event of his death, his son has enough funding to go to college $($approximately $$200,000).$

His mother is very old and is likely to require nursing home care $($i$.$e$.,$ long$-$term care$)$ soon.

Here are the pricings of some insurance policies that are available to Michael:

Health insurance: Group insurance via Michael's employers

For himself: $$\frac{100}{?}$ month

For any additional dependent: add $$\frac{50}{?}$ month each

Dental insurance: Group insurance via Michael's employers

For himself: $$\frac{15}{?}$ month

For any additional dependent: add $$\frac{5}{?}$ month each

Life insurance for Michael: He have the option between term insurance and whole life insurance

Term insurance: $20-$year coverage, $$150,000$ policy value, $$\frac{50}{?}$ month

Whole life insurance: $$\frac{70}{?}$ month, $$350,000$ policy value

Life insurance for his mother: Whole life insurance, $$\frac{90}{?}$ month. Covers long$-$term care.

There is a $$\frac{20}{?}$ month discount if whole life insurance policy is bought for both Michael and his mother $($which means paying $$\frac{160}{?}$ month for both himself and his mother$)$

Long$-$term care insurance: $$\frac{70}{?}$ month.

Disability income insurance: $$\frac{10}{?}$ month

Medicare: Michael's mother is eligible for Medicare

Plan A: no premium

Plan B: $$\frac{40}{?}$ month

Plan C: $$\frac{60}{?}$ month

Plan D: $$\frac{10}{?}$ month

Michael has $$\frac{350}{?}$ month available to spend on insurance. As his financial advisor, please help Michael find the best way to cover his family's needs by shopping for appropriate insurance policies.

$5$ points for each "must have" need

$3$ points for each "optional" need

Some deductions if the need is not fully covered

Extra $5$ points if the total expense is below $$300$

$,$ Minus $3$ points if the total expense is above $$350$ and below $$400$

Minus $5$ points if the total expense is above $$400$

NOTE:

For your report, please specify: $(1)$ Which plan you are choosing, $(2)$ What that plan covers, and $(3)$ How many points you get.