s 2 - 9 are based on the following information. Steve Taylor wants to make sure that his dependants are adequately provided for in the event he should be disabled or killed and has asked your advice about his life and disability insurance coverage. Steve is aged 29 and his wife, Kathryn, is 25. They have two children, Elizabeth aged 3 and Martin aged 8 months. Kathryn cares for the children full-time and does not work outside of the home. Steve works as a mobile crane operator with Mile High Construction. Steve's pre-taxX annual income is $90,000 and he has a 48.5%o marginal tax-rate. He made CPP contributions seven years ago and eight years ago. He did not make any contributions six years ago or five years ago because he was attending college full-time. He has made CPP contributions in each of the last four years. Steve currentily has individual disability income insurance with the Limbs Assurance Company and pays the premium himself from after-tax income. He did not join his employer's group plan because he felt it did not provide adequate coverage. Steve's disability contract is guaranteed renewable. It specifies a monthly benefit for total disability of $4, 500