Please answer all. I will upvote and thank you in advance!

Mike and Donna Jones recently got married and moved to your area. They are both 30 years old. Neither one of them has ever done any financial planning on their own, but they know they need to begin to look at the "big picture." Mike just finished his residency in internal medicine and has been offered a job at Memorial Hospital as a staff doctor. He will be employed by the hospital directly at a beginning salary of $250,000. He has $275,000 of student loans with a monthly payment of $1500. They recently purchased a new home and signed a 30-year mortgage for $350,000 with a monthly payment of $2000. Donna does not plan on working outside the home at this point. They are already trying to have children and are hoping to have at least two in the near future. He can also take advantage of a voluntary 403(b) plan sponsored by the hospital. Both retirement plans begin after one year of employment. He will begin working next week. They have a group term life insurance policy that automatically covers Dr. Jones for 2 times his annual salary, subject to the normal eligibility requirements of group plans. He has the option of purchasing additional group term life insurance of up to 5 times his salary. The Hospital provides doctors with a group long-term disability plan that will provide up to 40% of salary if he is totally disabled. Donna has no life insurance. They have done a budget and will need $7000/month after taxes for essential needs (this includes the mortgage and student loans) and an additional $3000/month after taxes for discretionary needs. They file their taxes as a married couple filing jointly. They have come to you to seek advice on how to get started moving in the right financial direction. Assume the rate of inflation equals the discount rate.