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Personal sheet 47 is on the source above I really need an answer quickly I would appreciate if someone could help me with it Resources

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image text in transcribedPersonal sheet 47 is on the source above
I really need an answer quickly I would appreciate if someone could help me with it
Resources Your Short-Term Financial Planning Activities PFP Sheet 46, 48 www.insure.com www.iii.org PFP Sheet 47, 49 www.netquote.com 1. List current and needed insurance coverages. 2. (a) Prepare an inventory of personal belongings. quotewizard.com he cost of homeowner's or renter's insurance from two or more companies. PFP Sheet 50 www.thebalance.com quotewizard.com 3. Compare the cost of auto insurance from two or more companies Resources Your Long-Term Financial Planning Activities 1. Identify buying decisions that could reduce your future home and auto insurance costs. 2. www.independentsgert.com www.insure.com lop a plan to monitor changes in your life situation that would affect the need to change home or auto insurance coverages. CONTINUING CASE Property and Motor Vehicle Insurance Newlyweds Jamie Lee and Ross have had several milestones in the past year. They are newlyweds, recently purchased their fist home, and now have twins on the way! Jamie Lee and Ross have to seriously consider their insurance needs. With a family, a home, and now babies on the way, they need to develop a risk-management plan to help them should an unexpected event arise. Current Financial Situation Assets (Jamie Lee and Ross combined): Checking account: $4,300 Savings account: $22,200 Emergency fund savings account: S20,500 IRA balance: $26,000 Car: $10,000 (Jamie Lee) and $18,000 (Ross) Income Jamie Lee: $50,000 gross income ($37,500 net income after taxes) Ross: $75,000 gross income (564,000 net income after taxes) Monthly Expenses (Jamie Lee and Ross combined): Mortgage: $1,252 Property taxes and insurance: $500 Utilities: $195 Food: $400 Liabilities (Jamie Lee and Ross combined): Student loan balance: SO

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