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questions 1-4 please and thank you WHAT DO YOU RECOMMEND? Stephanie Bridgeman, age 28, and her husband Will age 30, recently had their first child.
questions 1-4 please and thank you WHAT DO YOU RECOMMEND? Stephanie Bridgeman, age 28, and her husband Will age 30, recently had their first child. Both have small Cash-value life insurance policies ($25,000 and $50,000. respectively) that their parents purchased when they were children. Stephanie is a real estate attorney and earns $90,000 per year. She has continued working after having the baby Stephanie's employer offers a 401(k) plan into which she can contribute up to 6 percent of her salary each year and qualify for a matching contribution by her employer of one-half of 1 percent for each 1 percent that Stephanie contributes and she can contribute up to an other 6 percent that will not be matched. Her employer does not offer employer paid life insurance. Will is a high-school teacher and track coach and makes $49.000 per year. His employer pays the full cost of his retirement pension plan. An optional supplemental retirement plan is available into which will can contribute 5 percent of his salary with no employer match, but he has not done so as yet. Will has an employer-provided life insurance policy equal to twice his annual salary. Will and Stephanie have no other we insurance What do you recommend to Stephanie and will on the subject of life insurance planning regarding: 1. Their changing need for life insurance now that they have a child? 2. What types of life insurance they should consider? 3. Coordinating their retirement savings and other investments with their life insurance program? 4. Shopping for life insurance
questions 1-4 please and thank you
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