The First family (Adam, Eve, Seth, Cain) have several risk exposures. Adam is a practicing attorney with upper-middle income and positive net worth. Cain is 20 years old, and Seth is 8 years old. Eve is a full-time homemaker. Identify each of the following as critical, important, or unimportant risks.

a. Professional liability risk in Adams practice.

b. Liability and property loss risks with Cains 15-year-old (low value) car.

c. Disability for Eve.

d. Risk of fire destroying their home if: i) no mortgage debt; ii) large mortgage debt.

e. Medical expense risk for Seth.

f. Premature death risk for: i) Adam; ii) Eve; iii) Seth